In Canada, prospective homebuyers with a work visa are currently subject to a 25% tax when purchasing a residential property. However, there's a silver lining for those who have received a letter of approval from the Provincial Nominee Program (PNP).
These fortunate individuals can acquire a house tax-free, with a significant benefit being that they need not have obtained a permanent residence card; the simple act of applying for permanent residence is sufficient to unlock this tax exemption.
This development offers a promising opportunity for those seeking to establish their roots in Canada, providing financial respite in the process.
