Ontario NDPers say they would work to ensure their version of the tax does not apply to family cottages, and that it doesn’t negatively impact rental stock.
“It will not apply to homes or residences that are rented out,” an NDP spokesman said. “It would apply to properties that have been left vacant for a significant period of time.”
The new NDP speculation tax would apply everywhere the NRST does – Toronto, Barrie, Brant, Brandford, County of Dufferin, Durham Region, Guelph, Haldimand County, Halton, Hamilton, City of Kawartha Lakes, Niagara, Northumberland, Orillia, Peel Region, Peterborough and region, County of Simcoe, Waterloo, County of Wellington, and York Region.