February 9, 2023

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Canada’s Budget to include tax on residential property owned by non-residents

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Reports on what is, and is not, to be included in Canada’s upcoming Budget announcement

Canada’s budget to be presented to parliament on Monday

at about 4 pm local (2000 GMT)

Reuters report (citing unnamed sources):

  • proposes a sales tax for online platforms and e-commerce warehouses
  • a digital services tax for Web giants
  • luxury tax on items like yachts
  • no a wealth tax¬†
  • proposing to tax vacant residential property owned by non-resident, non-Canadian owners from January 1, 2022

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