Learn how foreign nationals in Ontario who have paid the Non-Resident Speculation Tax (NRST) may qualify for a full rebate. Whitby real estate lawyer Paria Rad explains the Permanent Resident of Canada NRST Rebate, which allows eligible buyers to recover the entire amount of NRST once they become permanent residents. To be eligible, the purchaser must obtain permanent resident status within four years of acquiring the property, hold the property individually or jointly with their spouse, and live in the home as their principal residence. Paria breaks down the criteria step by step so you can understand who qualifies and what conditions must be met before applying.

Whitby real estate lawyer, Paria Rad of Devry Smith Frank LLP and Woitzik Polsinelli LLP has over 13 years of experience in residential and commercial real estate law. If you have questions about the purchase of a property, contact Paria at paria@durhamlawyer.ca or at 905-668-4486.