The Ministry of Finance is reviewing the land transfer tax (LTT) applicable on unregistered dispositions of a beneficial interest in land in order to improve administrative effectiveness and enforcement, and to ensure the integrity and equity of the LTT system. At this time, the Ministry has posted a consultation document on the Regulatory Registry, which sets out a proposed approach to facilitate the payment and administration of the LTT under section 3 of the Land Transfer Tax Act in certain circumstances.
The Ministry is requesting your feedback on or before August 28, 2017. For more information visit: http://www.fin.gov.on.ca/en/tax/ltt/
View our ‘Land Transfer Tax Updated Information for Ontario 2017’ here.