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Canadian Citizens
June 11, 2009 by Lisa Capes · Leave a Comment
Canadian citizens document signings: To sign in the United States, they will need a passport AND a visa as identification. Should the party wish to sign in Canada, they have two choices: They can go to the U.S. Consulate OR be signed by an attorney. The signed documents must be accompanied by a Canadian Certification of Notary. Sellers will also need to complete the FIRPTA (Foreign Investment Real Property Tax Act) forms. Depending on the use of the property, there may be a charge at close of escrow of 10% of the sales price which is remitted to IRS per the FIRPTA laws.
The transfer of funds from a Canadian Bank must be in US Dollars and there may be charges for that conversion of funds from Canadian to US dollars.
Lisa Capes
Chicago Title Insurance
www.chicagotitlearizona.com/capes