In general, if you buy land or an interest in land in Ontario, you must pay Ontario's land transfer tax, whether or not the transfer is registered at one of Ontario's land registry office.
Land includes any buildings, buildings to be constructed, and fixtures (such as light fixtures, built-in appliances and cabinetry).
The land transfer tax payable is normally based on the amount paid for the land, in addition to the amount remaining on any mortgage or debt assumed as part of the arrangement to buy the land.Exemptions from land transfer tax are limited. The main exemptions include:•certain transfers between spouses
•certain transfers from an
individual to their family business corporation
•certain transfers of farmed land between family members
•certain transfers of a life lease from a non-profit organization or a charity.
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