Facilitating the Payment and Administration of the Land Transfer Tax under Section 3 of the Land Transfer Tax Act - Update

Regulation Number(s):
Instrument Type:
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Summary of Proposal:
UPDATE: The deadline for feedback on the Ministry of Finance's consultation document has been extended. Submissions must be received on or before September 8, 2017.

The Ministry of Finance is reviewing the land transfer tax (LTT) on unregistered dispositions of beneficial interests in land in order to improve administrative effectiveness and enforcement, and to ensure the integrity and equity of the LTT system. The review will be conducted in two phases.

In Phase One, the Ministry is considering recommending amendments to the Land Transfer Tax Act (Act) and the regulations under the Act to facilitate the payment and administration of the LTT under section 3 in certain circumstances.

Phase Two will involve a broader review of the application of LTT in the modern real estate context, in order to ensure fairness and revenue integrity. Details on Phase Two will be announced at a future date.

At this time, the Ministry is initiating consultations on Phase One by posting the document below, entitled "Facilitating the Payment and Administration of the Land Transfer Tax Under Section 3 of the Land Transfer Tax Act".

The Phase One consultation document below is being posted for a public review and comment period starting on July 14, 2017. If you have any questions, or would like to submit your comments, please do so on or before September 8, 2017 to the address listed below under "Contact". Additionally, you may submit your comments electronically via the e-mail link below.

All comments received on or before September 8, 2017 will be considered as part of the decision-making process by the Ministry if they are submitted in writing or electronically. Please reference Regulatory Registry No. 17-MOF010.

Please Note: All comments received will become part of the public record. Your personal information may be used in the decision-making process on this proposal and it may be used to contact you if clarification of your comment is required. It may be shared (along with your comment) with other Ontario Ministries for use in the decision-making process. Questions about this collection should be directed to the address listed below under "Contact".
Further Information:
Proposal Number:
Posting Date:
July 14, 2017
Comments Due Date:
September 8, 2017
Contact Address:
Justin Cooke
Ministry of Finance
Corporate and Commodity Taxation Branch
2nd Floor, Frost Building North,
95 Grosvenor Street
Toronto, Ontario
M7A 1Z1