The Ontario government introduced a 15% Non-Resident Speculation Tax (NRST) in early 2017 which was effective as of April 21st, 2017. This means that any binding Agreements of Purchase and Sale signed on April 21st, or after, will be subject to the NRST. For real estate agents, this increases the duty to find out as much information as possible about your Buyer-client. The question “Are you a Non-Resident?” should now be asked of every client. A “Non-Resident” includes an ind