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[多倫多 Toronto] How to avoid paying the Non-Resident Speculation tax on purchasing a house ?

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发表于 2022-4-1 10:39:57 | 显示全部楼层 |阅读模式
Hi I like to ask is there a way to get around paying Non-Resident Speculation tax on purchasing a house in GTA for non resident. I very dont want to pay that 20% over the purchasing price. House are already very expensive in GTA area.
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发表于 2022-4-1 11:40:19 | 显示全部楼层
if you want to wait, it's better to buy when the demand cools down after the interest rate increases this year. the market is overheated.
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发表于 2023-8-18 10:58:05 | 显示全部楼层
you can’t without committing tax fraud lol

best way is to become a permanent resident
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发表于 2023-8-18 12:06:59 | 显示全部楼层
没办法。成为PR是唯一的办法。
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发表于 2023-8-20 10:06:01 | 显示全部楼层
It is simple. One such way is to incorporate a company in your country. Then buy the property under your company.

There are many exceptions on this tax to the point it is useless, even according to newspapers reporting on this.

You just need to ask an experienced lawyer in RE laws.
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发表于 2023-8-26 10:37:29 | 显示全部楼层
There is no way to avoid the tax; otherwise, you will be considered tax fraud.  You can buy commercial properties as there is no Non-Resident Speculation tax.
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