The government of Canada has implemented an annual 1% Vacant Home Tax on foreign-owned unused homes. As a result of this, our out-of-country friends will need to make a decision of renting, continue not using or even sell the property.
Now that you know the facts, if you want to discuss the implications of the Vacant Home Tax, let me help you.
Here is the link for more details: https://www.canada.ca/en/services/taxes/excise-taxes-duties-and-levies/underused-housing-tax.html
CENTURY 21 Heritage House Ltd. Brokerage
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225 Garrison Road, Fort Erie, ON L2A1M8
(905) 871-2121
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