Effective October 25, 2022, the government of Ontario has increased the Non-Resident Speculation Tax (“NRST”) rate to 25 percent.
The increase follows changes made to the tax earlier in 2022. Introduced in April 2017, the NRST initially applied a…
Rebecca Loo is a partner working out of the Toronto office of Thorsteinssons LLP.
Rebecca’s practice focuses on Canadian commodity tax matters, including the Goods and Services Tax (GST), Harmonized Sales Tax (HST), and provincial sales taxes. She has written… more »
Brendan Forrest is an associate working out of the Toronto office of Thorsteinssons LLP.
Brendan’s practice focuses on corporate tax advisory and planning services.
Brendan earned his Bachelor of Arts (Honours) from St. Michael’s College at the University of Toronto… more »
In Canada Revenue Agency (“CRA”) Views document number 2021-0922301I7, the CRA considered a Canadian-resident trust deemed to dispose (for Canadian income tax purposes) of U.S. real property on its 21-year anniversary. The CRA was asked whether: (a) the trust could…
Brendan Forrest is an associate working out of the Toronto office of Thorsteinssons LLP.
Brendan’s practice focuses on corporate tax advisory and planning services.
Brendan earned his Bachelor of Arts (Honours) from St. Michael’s College at the University of Toronto… more »
