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Canada (Ontario): Increase in the Non-Resident Speculation Tax from 20% to 25%

Description

On 25 October 2022, the government of Ontario increased the Non-Resident Speculation Tax (NRST) from 20% to 25%. The NRST applies notably to foreign direct investments by commercial entities into res...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

25 Oct 2022

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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