Wednesday, January 23, 2019

Foreign Buyer Tax Surprise - Toronto

Yes! Welcome to Canada!

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;


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.
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.

Non - Resident Speculation Tax. 

Time to Buy?  Call 647 218 2414   http://ShopTOism.com 





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