Adding or Removing Someone From Title – Do I Need to Pay Land Transfer Tax?

Whether or not land transfer tax applies in a transaction can be a very fact specific determination. In a “normal” purchase or sale where the seller is transferring their full interest in the property to the purchaser for consideration, land transfer tax usually applies. However, what happens in situations where you are adding or removing […]

Changing Legal Tenure in Ontario – A Land Transfer Tax-Free Transfer

Most transfers of land are subject to land transfer tax, an added tax when conveying a property. This additional cost can be quite significant as the tax amount is based on a graduated formula of 1-2% of the purchase price. However, certain transfers, such as those that change the way that the property is held […]