Foreigners Taxed At $12K/yr

Foreign offshore speculators face a first-time federal equity tax of $10,000 to $12,000 a year in Canada’s priciest housing markets. The Department of Finance detailed the tax to take effect January 1: “We don’t want to encourage any sort of speculation on housing.”

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top