The G&M reported earlier that Wynne was proposing a 15% non-residents tax. This article states it is a "foreign tax". Which is it? And what is the definition of non-resident? The purchaser lives in the house? In Ontario? In Canada?). Some clarity would help.

A tax on someone not living in the house would discourage people from renting out condos and homes and would be disastrous. Someone living in Canada but not Ontario might be challenged in court as it discriminates against other Canadians. Just affecting residents of another country would only affect those buying 2nd homes (e.g. cottages) or investments. They would get hit twice - Capital gains and this new tax.