Welcome to the Toronto GTA
Glad you would like to put down roots; raise a family, build a life here with us. Effective April 2017;
You are subject to a Foreign Buyers Tax of 15% in Ontario...
You must pay this tax if;
A foreign national, as defined in the Immigration and Refugee Protection Act (Canada), is an individual who is not a Canadian citizen or permanent resident of Canada.
A permanent resident means a person who has acquired permanent resident status and has not subsequently lost that status under section 46 of the Immigration and Refugee Protection Act (Canada).
There are a few exceptions by type of property, residential vs commercial and marital status.
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