Real estate · Ontario
Non-resident speculation tax.
What a foreign buyer owes on Ontario residential property, and what a permanent resident rebate gives back.
Since 25 October 2022 the Ontario NRST is a flat 25% of the full value of the consideration, anywhere in Ontario, on land with one to six single family residences. It applies to 100% of the price when any buyer is a foreign entity or foreign national, whatever their ownership share.
If the buyer becomes a permanent resident within four years and meets the occupancy conditions, the entire NRST paid is rebated.
Inputs
Estimated NRST
Fill the form and press Calculate.
The rules used
- Rate and base: 25% since 25 October 2022, on 100% of the value of the consideration, on designated land (at least one and not more than six single family residences) anywhere in Ontario. Condo parking and storage units are included from 27 March 2024 (ontario.ca).
- Permanent resident rebate: the entire NRST paid is rebated if you become a permanent resident within four years of the purchase, occupy the property as your principal residence (with your spouse, if applicable) starting within 60 days of registration, hold it alone or with your spouse only, and apply within 180 days of becoming a permanent resident (ontario.ca).
- Exemptions: Ontario Immigrant Nominee Program nominees, protected persons (refugees) and spouses of citizens, permanent residents, nominees or protected persons, when every buyer certifies principal residence occupation within 60 days. Land Transfer Tax Act exemptions also apply (ontario.ca).
The NRST is charged in addition to Ontario Land Transfer Tax. The industrial use rebate is not modelled.
Disclaimer
This is an estimate only. Whether you are a foreign entity or foreign national, and whether an exemption or rebate applies, is decided by Ontario’s Ministry of Finance and your lawyer, not by this tool.