What is the NRST tax?

The Non‑Resident Speculation Tax (NRST) is a 15% tax on the purchase, or acquisition, of an interest in residential property located in the Greater Golden Horseshoe Region (GGH). The NRST is for property acquired by individuals who are not citizens or permanent residents of Canada, or by foreign corporations (foreign entities) and taxable trustees. Check out the Ontario Ministry of Finance website (opens in a new tab) to find out more about the NRST.