Bifalgorithm post

So if, so let's say international students and people with work permits are able to buy these very specific tax that they have to pay anything additional or just like everybody else? Yes. So in some of the hottest real estate markets around Vancouver, around Toronto, the government, the provincial governments have also instituted really high taxes for people who are not permanent residents and Canadians. And so, for example, in Ontario, you have to pay a 20% tax on top of the regular sales, which can be very prohibitive.

So if, so let's say international students and people with work permits are able to buy these very specific tax that they have to pay anything additional or ju…

Ideas in this flowchart

  • Taxation on Real Estate for Non-Residents
  • International Students & Work Permit Holders
  • Tax Obligations
  • Same Taxes as Others
  • High Taxes in Hot Markets
  • Vancouver & Toronto
  • Provincial Government Policies
  • Ontario Example
  • 20% Tax for Non-Residents
  • Regular Sales Tax
  • Prohibitive Costs
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So if, so let's say international students and people with work permits are able to buy these very specific tax that they have to pay anything additional or just like everybody else? Yes. So in some of the hottest real estate markets around Vancouver, around Toronto, the government, the provincial governments have also instituted really high taxes for people who are not permanent residents and Canadians. And so, for example, in Ontario, you have to pay a 20% tax on top of the regular sales, which can be very prohibitive.

M
Maude Leblanc
9w

"so let's say international students and people with work permits are able to buy these very specific tax t"

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