NK Lawyers Professional CorporationNorth York, ON · February 20, 2019Follow

The New Non-Resident Speculation Tax and Estate Planning and Administration: What You Need to Know

On April 20, 2017, the Government of Ontario launched the Ontario Fair Housing Plan, designed to stabilize rising housing prices and increase the supply of homes in the province by cooling off demand. As part of the plan, a new property tax called the Non-Resident Speculation Tax (NRST) came into effect April 21, 2017, hoping to...

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