Ontario raising foreign homebuyer tax to 25%

CBC News · Posted: Oct 25, 2022 10:39 AM ET | Last Updated: October 25 The Progressive Conservative government previously increased the non-resident speculation tax from 15 to 20 per cent in March, and expanded it to cover the whole province, instead of just the Greater Golden Horseshoe area of southern Ontario. The Progressive Conservative government previously increased the non-resident speculation tax from 15 per cent to 20 in March, and expanded it to cover the whole province, instead of just the Greater Golden Horseshoe area of southern Ontario. Clark says in a statement that raising the tax is another step toward ending Ontario's housing crisis.

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