Canadians eager to get their hands on the Google Nexus One, whether officially when it hits Canadian shores or unofficially, may want to check this out.

According to a report at Phandroid.com, buyers of Google’s Nexus One (with a wireless contract) pay two types of cancellation fees when the device is purchased with a wireless carrier. The first fee is the carrier cancellation fee if the device was bought under contract and the second fee, which is going to blow you away, is a the difference in price paid between the full price of the Nexus One and the subsidized price and this fee is paid to Google.

Here is an example to illustrate this:

Customer buys the Google Nexus One from a Canadian carrier that may eventually support the device. Customer pays $179 on a 3-year term. Full price of the Nexus One is $529. Customer cancels the contract before maturity and now must pay the following:

• The carrier cancellation fee: Up to $400
• The Google device fee: $529 (outright cost) – $179 (subsidized cost) = $350.
• Total paid: $750+

Check out the official document from Google that is geared toward USA service providers. However expect a similar thing when it hits Canada:

You agree to pay Google an equipment subsidy recovery fee (the “Equipment Recovery Fee”) equal to the difference between the full price of the Nexus handheld device without service plan and the price you paid for the Nexus handheld device if you cancel your wireless plan prior to 120 days of continuous wireless service. For example, if the full price of the Nexus handheld device without service plan was $529 USD and the price you paid for the Nexus handheld device was $179 USD with a service plan, the Equipment Recovery Fee you pay will be $350 USD in the event you cancel within the first 120 days of carrier service. The Equipment Recovery Fee is equal to the line item in your confirmation email setting forth the discount on the full priced Nexus handheld device related to your carrier service plan activiation. You authorize Google to charge the Equipment Recovery Fee directly to your credit card, or other payment method used to purchase the Nexus handheld device, upon cancellation of your wireless plan. You will not be charged the Equipment Recovery Fee if you return your Nexus handheld device to Google within the 14 day Return Policy period as set forth below.

You agree that the Equipment Recovery Fee is not a penalty but is for liquidated damages Google will incur as a result of such cancellation. These damages may include, but are not limited to, loss of compensation and administrative costs associated with such cancellation or changing of wireless service provider(s), market changes, and changes in ownership. Please note that the Equipment Recovery Fee is imposed by Google and not your chosen carrier and is in addition to any early termination fees that may be charged by your chosen carrier in connection with termination of your wireless plan prior to fulfillment of your chosen carrier’s service agreement term.

Food for thought.