November 2023

WHAT ARE THE EXEMPTIONS FOR NON-RESIDENT SPECULATION TAX (“NRST”)

The Non-Resident Speculation Tax (NRST) is a 25% tax in Ontario on residential property purchases by foreign nationals, foreign corporations, and certain trustees. It applies to purchases made after March 29, 2022, throughout Ontario and before that date in the Greater Golden Horseshoe region. Exemptions from NRST include: 1-Eligible Ontario Immigrant Nominee Program...

Compare listings

Compare