ARTICLES AND RESOURCES

Read expert insights from Dan Merriam, a Caribbean real estate investor, advisor, and Partner at InvestCARICOM, sharing over a decade of experience in entrepreneurship, property investment, and global wealth strategy.

Understanding Non-Resident Speculation Tax in Ontario
Foreign Buyers Tax, Ontario, Canada, Non Resident, Investing Dan Merriam Foreign Buyers Tax, Ontario, Canada, Non Resident, Investing Dan Merriam

Understanding Non-Resident Speculation Tax in Ontario

Navigating the complexities of the Non-Resident Speculation Tax in Ontario (NRST) also referred to as the Foreign Buyers Tax can seem daunting, especially if you're not a Canadian citizen or permanent resident eyeing a slice of the property market. Since April 21, 2017, the NRST has been a key player in Ontario's real estate landscape, with a hefty 25% tax on residential property purchases by non-residents. This had an immediate impact on the market.

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