Province of Ontario Introduces Legislation on Non-Resident Speculation Tax

The Minister of Finance (Ontario) introduced Bill 134, Budget Measures Act (Housing Price Stability and Ontario Seniors’ Public Transit Tax Credit), 2017 yesterday, providing a first look at legislation regarding the non-resident speculation tax for land transfers in the Greater Golden Horseshoe area. The proposed legislation can be found here: http://ontla.on.ca/web/bills/bills_detail.do?locale=en&Intranet=&BillID=4897#BK3

Prepared by: Nicholas McIsaac

Nicholas is currently an articling student in the firm’s Toronto office Nicholas graduated from Osgoode Hall Law School in 2016, receiving the Dean’s Letter Recognizing Cumulative Overall Excellence. He was awarded prizes for the best combined marks in Commercial Law,… more »

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