NOn Resident Deed Transfer Tax

As of the latest updates, non-residents of Nova Scotia are subject to both a non-resident property tax and a non-resident deed transfer tax. The non-resident property tax is calculated at $2 per $100 of assessed value and became effective on April 1, 2022. 

This tax can be waived if the non-resident rents out their property for twelve months or more, thus providing housing for Nova Scotians. Additionally, properties with multiple owners where at least 50% of the owners are Nova Scotia residents are exempt from this tax.

The non-resident deed transfer tax applies to non-resident purchasers of residential properties at a rate of 5%. However, if the purchaser intends to move to Nova Scotia within six months of the purchase, they may be exempt from this tax, provided they can demonstrate proof of residency within that period. This tax is calculated based on the greater of the purchase price or the assessed value of the property

For detailed and specific information regarding exemptions and the precise application process, you may want to consult the updated Non-resident Deed Transfer Act or contact the relevant provincial authorities.