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ARTICLES AND RESOURCES
Read expert articles by Dan Merriam sharing his insights on entrepreneurship, real estate investing, investment migration, and living and investing internationally.
Understanding Non-Resident Speculation Tax in Ontario
Navigating the complexities of the Non-Resident Speculation Tax in Ontario (NRST) also referred to as the Foreign Buyers Tax can seem daunting, especially if you're not a Canadian citizen or permanent resident eyeing a slice of the property market. Since April 21, 2017, the NRST has been a key player in Ontario's real estate landscape, with a hefty 25% tax on residential property purchases by non-residents. This had an immediate impact on the market.