** An additional tax of 15% of the purchase price will be applicable if one of the buyers is a FOREIGN NATIONAL (not a Canadian Citizen or Permanent Resident of Canada) for properties purchased in the Greater Golden Horseshoe area on the purchase price if Agreement accepted after April 20, 2017.
If two buyers are purchasing the property jointly and are spouses of each other (or common law spouses), and will be living together at the property, the tax does not apply.
If a Foreign National becomes a Canadian Citizen or Permanent Resident within 4 years of closing and qualifies the 15% tax is refundable.