( Disponible en anglais seulement )
The TCJA and Beyond
OUR 2017 STEP Journal article discussed British Columbia’s 15 per cent property transfer tax (the Vancouver tax), applicable to certain foreign buyers of residential property in the Greater Vancouver regional district. On 21 April 2017, the Ontario government followed suit by implementing a nonresident speculation tax (NRST), applicable to certain transfers of property within the Greater Golden Horseshoe (GGH). The GGH covers a large swathe of Ontario, including Toronto and surrounding regions such as Niagara, Waterloo and Hamilton.