Overview: a look at the new Tax-Free First Home Savings Account (FHSA), including what it is, who’s eligible, and its benefits and limits. What Is The First Home Savings Account? The First Home Savings Account (FHSA) is a new registered savings plan that allows first-time home buyers to save up…
Tag: tax law
Ontario Hikes Non-Resident Speculation Tax (NRST)
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…