In the process of applying for NRST refund, many people will encounter the following difficulties:

1. Complex document preparation and review process:
The application for NRST refund requires a large number of documents, including purchase contracts, payment receipts, identity certificates, etc. For individuals or companies applying for tax refunds for the first time, how to ensure the completeness and accuracy of all documents is a big challenge. Many applicants have their tax refund applications rejected due to incomplete documents or incorrect information, which delays the entire tax refund process.

2. Insufficient understanding of policies and regulations:
NRST refund involves multiple tax policies and regulations, and applicants need to have a deep understanding of these policies in order to correctly fill out the application form. However, many applicants do not understand the policy details well, and are prone to making mistakes during the application process, or even miss out on the tax refund qualification due to misunderstanding the policy.

In order to solve the above problems, professional consultation and services are needed:

Professional document review to ensure its completeness and accuracy, and avoid failure of tax refund application due to document problems.

Policy consultation and training, fully understand all regulations and requirements related to NRST tax refund, master the key knowledge of tax refund application, and ensure that every step complies with policy requirements.

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For each case of applying for NRST refund, you must answer the following questions: Are you ready?

👇 The oath must also include the following statements👇

🟠 Statement 1: Refund of NRST <br>I (fill in your name) am applying for a refund of the NRST I paid when I purchased the property at (fill in the specific address of the property you own).
I (set out name) am applying for a rebate of the NRST paid at the time I acquired my home, with the municipal address of (fill in the municipal address).

🟠 Statement 2: Proof of Residence <br>I have occupied this property as my primary residence since (year/month/day) and have lived there until (now or year/month/day). Please also attach proof of residence for each month since you moved in (such as monthly bank statements, internet bills, phone bills, etc. Note: Home insurance, water, electricity, gas bills, and land tax bills are not recognized by the government)
I started to occupy the home as my principal residence on (YYYY/MM/DD) and have continued to occupy it to (Present or YYYY/MM/DD). Attached hereto as an exhibit is evidence for each month of my occupation of the home as my principal residence.

🟠 Statement 3: The actual beneficiary of the land <br>I am the actual beneficiary of the land, as of (date of house handover), i.e. Registration of Instrument No. (AANNNNNN) and Land Transfer Tax ($NNNNNN) and Foreign Buyer Tax ($NNNNNN) from the payment date.
I am the beneficial owner of the land and always have been since (set out date) when the beneficial ownership was acquired by the registration of Instrument No. (AANNNNNN) and the applicable land transfer tax ($NNNNNN) and NRST ($NNNNNN) was paid.

🟠 Statement 4: Other Beneficiaries of the Land <br>The other beneficial owners of the land are (list names) and their relationship to me at the time of my purchase of the house is (list relationship status). If none, ignore.
The other beneficial owners of the land are (set out names) and their relationship to me at the time I purchased the home is (set out relationship status).

🟠 Statement 5: The other transferees mentioned in the Transfer are (list their names) and their relationship with me at the time of purchasing the house is (list their relationship status). If there is none, you can ignore it.
Other transferees named in the conveyance are (set out names) and their relationship to me at the time I purchased the home is (set out relationship status).

🟠 Statement 6: The beneficiary of all funds used to purchase the land and the dwelling thereon is (property owner, name), and the source of funds is (specify name). (If any part of If the source of funds is anyone other than the beneficial owner, such as a gift from a parent, please fully explain the circumstances).
All monies and other considerations utilized in the acquisition of the land relating to the conveyance were beneficially owned by (set out the name) and the source of the funds was (set out the name). (If the origin of any part of the consideration was anyone or anything other than the beneficial owner (ie a gift), fully explain the circumstances).

🟠 Statement 7: Annual Income My annual income is $nnnnn; attached herewith is my personal income tax return and the assessment notice or reassessment notice since the year before the purchase of the land. Also attached is my bank account statement Bills showing I paid my mortgage, utility bills, property taxes, condo fees, and insurance.
That my annual income is $NNNNNN; and attached hereto as an exhibit are my Income Tax Return(s) and accompanying Notice of Assessment or Notice of Reassessment(s) since the year before the purchase of the land. Attached hereto as an exhibit are my bank account statements evidencing payment of the mortgage, utilities, municipal taxes, condo fees, insurance.

🟠 Statement 8: Spouse’s Annual Income If the applicant is purchasing land with his or her spouse:
My spouse's annual income is $nnnnnn; attached is my spouse's income tax return and a notice of assessment or notice of reassessment from the year before the land was purchased. Attached is my spouse's bank account statement proving he/she pays the mortgage, utility bills, property taxes, condo fees and insurance.
If the applicant bought the land with his or her spouse: That my spouse's annual income is $NNNNNNN; and attached hereto as an exhibit are my spouse's Income Tax Return(s) and accompanying Notice of Assessment or Notice of Reassessment(s) since the year before the purchase of the land. Attached hereto as an exhibit are my spouse's bank account statements evidencing payment of mortgage, utilities, municipal taxes, condo fees, insurance.

🟠 Statement 9: Funds for land costs If the applicant's income (and his or her spouse's income) is not enough to pay for the costs of purchasing a home (such as mortgage, utility bills, property taxes, condominium management fees, insurance and maintenance costs), please explain where the funds used to pay for the land costs came from.
If the applicant's income (and his or her spouse's income) is not sufficient to cover expenses for the house (eg, mortgage, utilities, municipal taxes, condo fees, insurance, and upkeep) explain where the funds to pay for the land and its expenses came from.

🟠 Representation 10: All Obligations All obligations, including any mortgage obligations, liabilities, acts or omissions, during my ownership of the property belong to me and will be performed by me.
All obligations, including any mortgage obligations, responsibilities, acts or omissions pertaining to the land during the period of time it was and is vested in me has and will be performed by me.

🟠 Statement 11: Sale and Purchase Agreement A copy of the Sale and Purchase Agreement is attached hereto as an attachment, pursuant to which I acquired beneficial title to the land and paid the NRST;
Attached hereto as an exhibit is a photocopy of the agreement of purchase and sale pursuant to which I obtained beneficial ownership of the land and paid the NRST;

🟠 Statement 12: Land Sale If the land is to be sold, all proceeds from the sale will belong to (specify name, usually the property owner)
If the land were to be sold, all proceeds of the sale will belong to (set out name)

🟠 Statement 13: Land Ownership If I die, the land will pass through my estate and be dealt with through applicable succession laws. Or, if not, explain how the ownership of the land will change after your death.
If I should die, the land would pass through my estate and be disposed of through the applicable inheritance laws. Or, if not, explain how ownership of the land would change upon your death.

🟠 Statement 14: Right to enjoy the property I am entitled to all relevant benefits and income of the property, or the benefits and income of the property belong to (fill in the name).
I am entitled to all income from the property OR, the income from the property belongs to (set out name).

🟠 Statement 15: Trust Land I do not hold trust land for anyone, or, I hold trust land for (fill in name and relationship).
I do not hold the land in trust for anyone OR, I hold the land in trust for (set out the name and relationship).

👉 Note: The Compliance Branch of the Ministry of Finance may require further evidence to prove the actual ownership and transfer of the land. If the source of funds for the purchase of the land is not the beneficial owner, an affidavit of the source of funds may be required.
The Compliance Branch of the Ministry of Finance may require further evidence of the beneficial ownership of the land and the circumstances surrounding the conveyance. If the source of the funds to purchase the land is not from the beneficial owner, an affidavit from the source of the funds may be required.

Are you already dizzy with so many terms and conditions? Don’t worry, leave the headache to us. With our professional services, you can easily cope with various challenges in the NRST tax refund process and ensure that your application is successfully approved.

How can we help you?

As a Golden Key Business Development Center, we have extensive experience and expertise in processing NRST refunds. We provide the following services:

✅ Consulting service : We will explain the NRST refund policy, application conditions and required documents to you in detail to ensure that you have a comprehensive understanding of the entire process.

✅ Document preparation : Assist you in preparing and submitting all necessary documents, ensure your application materials are complete and correct, and increase the success rate of tax refund.

✅ Process tracking : Throughout the application process, we will provide you with continuous support and follow-up, and provide timely feedback on the progress of your tax refund application.

✅ Continuous follow-up and support : At every stage of the tax refund application, we will provide continuous follow-up and support to ensure a smooth and error-free process.

With our professional services, you can save time and effort and enjoy the benefits of NRST tax refund with peace of mind. If you have any questions or need help, please feel free to contact us, Golden Key Business Development Center will serve you wholeheartedly.

What are the benefits of asking us to handle NRST refund?

✅ Compliance assurance

Our professional team is well versed in the latest tax laws and ensures that financial reporting is compliant.

Our professional team will ensure

All steps and documents are reliable and complete

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