CBA SPRING LAW SERIES 2020

Presented by the CBA Real Property Section

A New Reality in Real Estate: Non-Resident Clients, Money Laundering and Client Identification Requirements

Real estate practitioners from coast to coast to coast are confronted with increased governmental attention to non-resident investment in Canadian real estate. This program will explore the legal and regulatory issues real estate lawyers must confront, including non-resident withholding tax issues that can arise when representing a landlord or vendor, as well as collateral issues that have arisen when purchasing from an enforcing mortgage lender. Concerns about non-resident money laundering in the real estate industry and avoidance strategies, including the importance of client identification, will be addressed. 

Topics will include:

• Dealing with non-resident vendors: s. 116, of the ITA
• Residency and mortgage enforcement
• Non-resident money laundering: concerns, the reality, and warning signs
• Client identification
• Non-resident buyers and beneficial ownership

Presenters