Real estate tax exemptions or rebates for non-residents in Ontario
In April 2017, the Government of Ontario introduced the Non-Resident Speculation Tax (NRST), which is applied to foreign and non-resident property buyers as a measure to control the real estate market in the Greater Golden Horseshoe Area. However, there are scenarios in which foreign nationals can be exempted, legally avoid the tax or be entitled for a full NRST rebate. It is very simple!
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