Ontario has announced it is raising the non-resident speculation tax on homes purchased by foreign nationals from 20 per cent to 25 per cent, effective Tuesday. Finance Minister Peter Bethlenfalvy says the move makes Ontario’s tax rate the highest in Canada and seeks to discourage foreign speculation. Joining guest host Rubina Ahmed-Haq to talk about this, is Nicola St. John, a Realtor with Bosley Real Estate.
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