Statement of Adjustments for First Time Home buyer

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Dec 20th, 2020 1:24 pm

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Dec 20th, 2020 9:45 am

applexs [OP]: Jr. Member; Dec 16, 2018; 169 posts; 246 upvotes

Dec 20th, 2020 9:45 am

Statement of Adjustments for First Time Home buyer

First time Home buyer and I didn't get some Lawyer charges.

As a resident, do I have to pay 'Non-Resident tax?
I didn't understand two chargers for 'Law Office Professional Corporation' and 'Professional Corporation'?

I am not aware how much would be the charges, but I felt they are charging me a lot more than usual.

TIA.

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Dec 20th, 2020 9:56 am

negotiater: Member; Oct 26, 2007; 326 posts; 196 upvotes

Dec 20th, 2020 9:56 am

$1000 legal fees & $351.25 disbursements paid to the law office which is named ".... Professional corp" you are not being overcharged on those .. not sure about all the other smaller fees though.

Dec 20th, 2020 12:49 pm

senasena: Deal Addict; Feb 19, 2019; 1571 posts; 2357 upvotes; Stouffville ON

Dec 20th, 2020 12:49 pm

I would question the non resident tax fee, the file retention fee is simply a bs as well, but if you don't have a written quote prior to hiring them you are probably out of luck.

For your future, and anyone who is reading it, prior to hiring the lawyer for your real estate transaction ask for "all in quote" in writing.

Full Time and Full Service Realtor

Dec 20th, 2020 1:24 pm

DaveTheDude: Deal Addict; Mar 3, 2018; 2753 posts; 3007 upvotes; GTA

Dec 20th, 2020 1:24 pm

Did you purchase the property from a non-resident. If so your lawyer may have had to determine if you were required to withhold 25% non-resident tax from your purchase price.

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