Common use of Canadian Residents Clause in Contracts

Canadian Residents. The Vendor certifies that he is a resident of Canada as defined under the provisions of Section 116 of the Income Tax Act, and that he will provide satisfactory evidence of such residency, or in the alternative, if the Vendor is a non-resident, the Vendor agrees to remit 25% of the purchase price to Revenue Canada in accordance with Section 116 of the Income Tax Act.

Appears in 4 contracts

Samples: Farm Agreement for Sale, Farm Agreement for Sale, Residential Contract of Purchase

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Canadian Residents. The Vendor certifies that he is a resident of Canada as defined under the provisions of Section 116 of the Income Tax Act, and that he will provide satisfactory evidence of such residency, or in the alternative, if the Vendor is a non-resident, the Vendor agrees to remit 25% of the purchase price to Revenue Canada in accordance with Section 116 of the Income Tax Act...

Appears in 2 contracts

Samples: Farm Agreement for Sale, Farm Agreement for Sale

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Canadian Residents. The Vendor certifies that he is a resident of Canada as defined under the provisions of Section 116 of the Income Tax Act, and that he will provide satisfactory evidence of such residency, or in the alternative, if the Vendor is a non-resident, the Vendor agrees to remit twenty five (25% %) percent of the purchase price to the Canada Revenue Canada Agency in accordance with Section 116 of the Income Tax Act.

Appears in 2 contracts

Samples: Farm Agreement for Sale, Residential Contract of Purchase

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