Overview: a look at Ontario’s updated Non-Resident Speculation Tax or NRST, including who it applies to, the properties it covers, and exemptions to the tax. What Is The Non-Resident Speculation Tax? The 15% tax was created to deter foreign nationals from buying up residential property in Ontario and making home…
Tag: nrst
Toronto Offers Tax Rebates To Chinese & Hong Kong Home Buyers
About Toronto’s Tax Rebates: Are you from China or Hong Kong and want to buy a home in Toronto? If so, then you need to know about the Non-Resident Speculation Tax (NRST). What is the NRST, and who does it affect? Also called the “Foreign Home Buyer…