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AGREEMENT OFPURCHASEANDSALE Approved by the Nova Scotia Real Estate Commission (NS REC) for use by licensees under the Real Estate Trading Act. NS REC is the regulatory body for real estate in Nova
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What is nsrec?
NSREC stands for Non-Resident Speculation Tax Electronic Return. It is a tax return that must be filed by non-residents of Canada who purchase real estate in certain regions.
Who is required to file nsrec?
Non-residents of Canada who purchase real estate in certain regions are required to file nsrec.
How to fill out nsrec?
NSREC can be filled out electronically on the designated government website by providing the necessary information about the real estate transaction.
What is the purpose of nsrec?
The purpose of nsrec is to track real estate purchases made by non-residents of Canada in order to enforce the Non-Resident Speculation Tax.
What information must be reported on nsrec?
Information such as the property address, purchase price, and the personal details of the non-resident buyer must be reported on nsrec.
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