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: o N t pi e c e R) e t a d (d e vi e c e R LNO EU EC FFO OF LNO EU EC FFO OF LNO EU ECIIIIFFO OF LNO EU EC FFO OF : e m an N : e r u t an n g i S s r
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Ontario Non-Resident Speculation Tax (o n t pi) is a tax imposed by the Ontario government on real estate purchases by non-resident individuals, foreign corporations, or taxable trustees.
Non-residents individuals, foreign corporations, or taxable trustees who purchase real estate in Ontario are required to file o n t pi.
o n t pi can be filled out online through the Ontario government's website or by submitting a paper form.
The purpose of o n t pi is to discourage speculation and reduce foreign investment in Ontario's real estate market.
The information that must be reported on o n t pi includes details of the property purchased, the value of the property, the residency status of the buyer, and any exemptions claimed.
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