Ontario Hikes Foreign Buyer tax to 20%
Doug is gearing up for the election. Whack-a-mole!
https://www.cp24.com/news/ontario-to-hi ... -1.5839862
https://www.cp24.com/news/ontario-to-hi ... -1.5839862
Mar 29th, 2022 5:36 pm
Mar 29th, 2022 5:51 pm
Mar 29th, 2022 5:54 pm
Mar 29th, 2022 6:00 pm
Whack, whack,...DisneyKruze wrote: ↑ Doug is gearing up for the election. Whack-a-mole!
https://www.cp24.com/news/ontario-to-hi ... -1.5839862
Mar 29th, 2022 6:07 pm
Mar 29th, 2022 6:15 pm
Very smart then - politically makes him look good to angry Canadians but in practice, doesn't touch the milk.htiek wrote: ↑ First, the speculative tax only applies to non-residents for citizenship purpose. Every non-resident client I know, are citizens but non-resident for tax purposes only.
Second, everyone of those aforementioned “non-resident” buyers purchase through their mom/dad/son/daughter/sister/brother/cousins locally, and the list goes on…
I don’t know a single person paying this tax right now.
Good move though, definitely sounds like he is doing something right without really doing anything much.
Mar 29th, 2022 6:26 pm
Mar 29th, 2022 6:27 pm
Mar 29th, 2022 6:33 pm
Too little, too late...htiek wrote: ↑ First, the speculative tax only applies to non-residents for citizenship purpose. Every non-resident client I know, are citizens but non-resident for tax purposes only.
Second, everyone of those aforementioned “non-resident” buyers purchase through their mom/dad/son/daughter/sister/brother/cousins locally, and the list goes on…
I don’t know a single person paying this tax right now.
Good move though, definitely sounds like he is doing something right without really doing anything much.
Mar 29th, 2022 6:35 pm
Mar 29th, 2022 6:39 pm
Mar 29th, 2022 6:39 pm
Mar 29th, 2022 6:57 pm
Mar 29th, 2022 7:01 pm
Mar 29th, 2022 7:13 pm
If that happens it’s safe to assume it wasn’t because the tax went from 15 to 20%reesefitzmaurice wrote: ↑ watch in a few months prices drop back to 2021
Mar 29th, 2022 7:21 pm
Mar 29th, 2022 7:24 pm
Mar 29th, 2022 7:25 pm
In its release, the Ontario government said that in addition to hiking the tax it is also eliminating rebates that were previously made available to international students and foreign nationals working in Ontario.legendcanuck wrote: ↑ This is complete BS. Non-residents is not the issue, the issue is money funnelled in through relatives, cousins, parents, brothers etc. who come in as students or legal short-term or long term residents.
Stop that and you will see a real change. Make it illegal for international students who come to study in Canada or scrutinize the source of funds of new immigrants who are trying to buy a property and you will see actual change.
Mar 29th, 2022 7:29 pm
Mar 29th, 2022 7:32 pm
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