Real estate blog entries tagged with land transfer tax ontario toronto tax calculation quick formula ontario law by Brian Madigan LL.B. (RE/MAX West Realty Inc., Brokerage (Toronto))

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Home : Blogs : Brian Madigan LL.B. : Brian's Ontario Real Estate Blog : Tag "land transfer tax ontario toronto tax calculation quick formula ontario law"

land transfer tax ontario toronto tax calculation quick formula ontario law: Land Transfer Tax in Ontario - 08/01/09 10:13 AM

Land Transfer Tax (Ontario)
By Brian Madigan LL.B.If you buy land or an interest in land in Ontario, you must pay land transfer tax. It doesn't matter whether or not the transfer is registered. Previously, if a conveyance was not registered then you did not have to pay the tax. That opportunity was lost about 20 years ago.So, now register or not, tax is still payable.Land includes any buildings, buildings to be constructed, and fixtures (such as light fixtures, built-in appliances and cabinetry). These are the fixtures present at the time of registration. It also includes the value of subsequent … (0 comments)

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Brian Madigan LL.B.

Toronto, ON

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RE/MAX West Realty Inc., Brokerage (Toronto)

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