
Alexandre Sinenko
Jan 135 min read
Buying Residential Property as a Non-Canadian in Ontario: The Intersection of the Prohibition on the Purchase of Residential Property by Non-Canadians Act and NRST
Over the last few years, Canadian real estate transactions involving non-Canadians have become significantly more complex. Two separate legal regimes now apply: the Prohibition on the Purchase of Residential Property by Non-Canadians Act (referred to further as the “ Act ”) and Ontario’s Non-Resident Speculation Tax (referred to further as “NRST”). While the two are legally distinct, application of one usually involves an analysis of the applicability of the other. The Act ,
