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When you buy land or an interest in land in Ontario, you pay Ontario's land transfer tax. Land includes, but is not limited to, any buildings, buildings to be constructed, and fixtures (such as light fixtures, built‑in appliances and cabinetry).
Jan 1, 2017 · This page provides general guidelines on the calculation of land transfer tax payable on every registration and disposition of land in Ontario. The information on this page does not replace the law found in the Land Transfer Tax Act (Act) and related regulations.
The land transfer tax statements should set out that the transfer is from the estate to the only beneficiary entitled to the land under the terms of the will. The value of the consideration is Nil. If the lands are subject to a mortgage, the mortgage does not form part of the consideration.
When you buy land or an interest in land in Ontario, you pay land transfer tax. First-time homebuyers of an eligible home may be eligible for a refund of all or part of the tax.
Section 3 imposes tax on an unregistered disposition of a beneficial interest in land. The tax imposed pursuant to section 2 will be applicable to all conveyances tendered for registration, even if the transaction has received the benefit of a deferral, cancellation or exemption of section 3 tax.
After May 5, 2017 in order to complete a land registration, all users must confirm if prescribed information is, or is not, required for the conveyance being registered by selecting one of three land transfer tax statements in Teraview (e.g., 9167, 9168 or 9169).
Apr 6, 2022 · A refund is for tax that has been overpaid or incorrectly paid, and is returned to a business or individual under a taxing statute or regulation. A refund is also for persons who have remitted to the Minister amounts in excess of the tax collectable or payable.
This page clarifies the application of the Land Transfer Tax Act (Act) on certain transfers of land where nominal consideration is passing between the transferee and transferor. The following words/phrases are not defined in the Land Transfer Tax Act (Act).
This page outlines the application of the Land Transfer Tax Act (Act) to registered conveyances and unregistered dispositions of land between spouses and former spouses. This page contains information about electronic registration which is directed to solicitors.
Calculating Land Transfer Tax This page provides general guidelines on the calculation of land transfer tax payable on every conveyance and disposition of land in Ontario. Conveyances Involving Trusts This bulletin provides clarification of the application of the Land Transfer Tax Act to conveyances involving trusts.
