Non-Resident Speculation Tax (NRST)
Ontario’s non-resident speculation tax (NRST) is helping to address unsustainable demand in the Greater Golden Horseshoe while ensuring Ontario continues to be a place that welcomes all new residents, as new data shows that home purchases by buyers who are not citizens or permanent residents of Canada have decreased. Newly released data from provincially collected tax information shows that individuals who are not citizens or permanent residents of Canada, or foreign corporations, accounted for 3.2 per cent of home purchases across the Greater Golden Horseshoe Region, down from 4.7 per cent since the launch of Ontario’s Fair Housing Plan this spring. In Toronto, 5.6 per cent of transactions were made by foreign buyers, down from 7.2 per cent.
Following a year of thorough consultation, discussion and collaboration, the Rowan’s Law Advisory Committee report for the prevention and management of concussions in amateur sport was tabled in the Legislature. The report, which will inform Ontario’s next steps for concussion safety, focuses on safe participation in sport through surveillance, prevention, detection, management and awareness. Working with sport leaders across Ontario, the province will review and build on the report’s recommendations to make our sport system safer for everyone.
The Cutting Unnecessary Red Tap Act
Ontario introduced legislation, The Cutting Unnecessary Red Tape Act, 2017, that if passed would have proposed measures to help small businesses grow and cut red tape that include:
Support for Victims of Hurricane Irma
Premier Kathleen Wynne has announced the provinces support through relief efforts for people affected by Hurricane Irma. The impacts of the hurricane are complex and devastating, and as the province recognizes how vital delivering aid is to those affected by natural disasters, the Ontario government is contributing $150,000 to the Canadian Red Cross to assist people in the Caribbean.
Commuter Bike Parking Program
Ontario is making it easier for cyclists to commute to and from work, school and appointments with the construction of new, secure bike storage lockers at GO Transit stations and car pool lots across southern Ontario. This investment is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s cap on pollution and carbon market. Eight bike lockers will be installed at each of 15 commuter parking lots across the Greater Toronto Hamilton Area, Niagara and Simcoe Region for a total of 120 bike lockers. . Work will be finished by the end of March 2018.
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Students Will Now See OSAP Amount and Net Tuition Fees OnlineNews, Local News
College Students to Receive Additional Support to Finish StudiesNews, Local News
Legislation would require colleges to resume operations