New Tax Rules Target Airbnb, Vacant Properties & Flippers.

New Tax Rules Target Airbnb, Vacant Properties & Flippers.

The Ontario provincial budget introduced on April 27, 2017 proposes a number of taxes affecting real estate.

The most publicized is the 15% foreign buyer tax, or “non-resident speculation tax” as the government is calling it. We have a dedicated

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15% Ontario Tax on Foreign Buyers, But Will It Mean More Audits for Everyone?

15% Ontario Tax on Foreign Buyers, But Will It Mean More Audits for Everyone?
The new 15% non-resident speculation tax will apply in: Brant, Dufferin, Durham, Haldimand, Halton, Hamilton, Kawartha Lakes, Niagara, Northumberland, Peel, Peterborough, Simcoe, Toronto, Waterloo, Wellington and York.

Ontario’s new 15% non-resident speculation tax will apply to certain sales of real estate in the Greater Golden Horseshoe area.

[Updated April 27, 2017 7:00 PM ET] The Ontario government is expected to impose several new measures affecting real estate …

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