Non-Resident Speculation Tax Rebates & Refunds
Did you pay 25% NRST on the purchase of your residential property in Ontario? You might be eligible for a NRST Rebates & Refunds
There are three rebates available for foreign nationals who have paid the NRST:
- Permanent resident of Canada NRST rebate
- Two transitional rebates that are being phased out:
- Transitional international student NRST rebate
- Transitional foreign national working in Ontario NRST rebate
A rebate of the NRST, may be available for registered transfers if the transferee becomes a permanent resident of Canada. If the land purchased is within the Greater Golden Horseshoe Region of Ontario, and if a binding agreement of purchase and sale was signed on or before March 29, 2022, and not assigned to other persons after March 29, 2022, then a foreign national may qualify for the International Student NRST Rebate or the Foreign National Working in Ontario NRST Rebate.
All rebates require that the home is purchased by only the foreign national who is eligible for the rebate, and their spouse, if applicable.
Email request “NRST Rebate” to info@zone1cpa.com and we will help you apply for NRST Rebate
