Non-Resident Speculation Tax Rebate

Foreign-Homebuyer Tax Update (NRST Tax)

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As of March 30, 2022, the Non-Resident Speculation Tax (NRST) rate is 20 per cent, and applies to residential property purchases which contain at least one and not more than six single family residences.  The tax applies to anywhere in Ontario if one of the purchasers is a foreign national, a foreign corporation, or a […]

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white and red wooden house miniature on brown table

Foreign Homebuyers Tax Rebate

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Foreign Homebuyers Tax Rebate Some purchasers who are subject to the Foreign Homebuyers Tax in Ontario (formally known as the Non-Resident Speculation Tax Rebate) are eligible to apply for a rebate of this tax. The rules surrounding applying for a Foreign Homebuyers Tax Rebate can be technical. There are three distinct rebate categories: (1) Rebate

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