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NORTH SALEM 2013 NEWSLETTER BRIDLE TRAILS ASSOCIATION To Landowners, Riders, and Supporters: As of the June Annual Meeting, the reins of NS BTA have been turned over to Charlotte Harris. Charlotte
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NSBTA stands for Non-Resident Speculation Tax Act, which is a tax imposed on purchases of residential property in certain regions in Ontario by non-resident individuals.
Non-residents of Canada purchasing residential property in specified regions of Ontario are required to file NSBTA.
NSBTA can be filled out online through the Ontario government's website or through a designated tax professional.
The purpose of NSBTA is to deter speculation and stabilize the housing market by discouraging non-resident individuals from purchasing property in certain regions of Ontario.
NSBTA requires information such as the property details, purchase price, residency status of the buyer, and other relevant financial information.
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