Amendment to a Regulation under the Housing Services Act, 2011 to exempt the transfer of a Designated Housing Project in St. Catharines from the application of the Land Transfer Tax Act
Ontario Regulation 367/11
Ontario Regulation 212/21
Regulation - LGIC
Bill or Act:
Housing Services Act, 2011
Summary of Decision:
The transfer of a Designated Housing Project from Local 175 United Food & Commercial Workers (UFCW) Residences Inc. (725 Welland Ave) to Niagara Regional Housing Corporation will be exempted from land transfer tax.
Analysis of Regulatory Impact:
Summary of Proposal:
The Regional Municipality of Niagara is a Service Manager responsible under the Housing Services Act, 2011 for the administration of community housing within its boundaries.
In November 2020, the Region submitted a request to the Ministry of Municipal Affairs and Housing to facilitate the transfer of a property owned by Local 175 UFCW Residences Inc. (Local 175) to the Niagara Regional Housing Corporation, which is the Region's Local Housing Corporation. The Region requested that the transfer be exempted from land transfer tax, as allowed under Section 167 of the Housing Services Act, 2011. An amendment to Section 144(1) of Regulation 367/11 under the Act is required to give effect to the exemption.
In March 2021, Lieutenant Governor in Council made a regulation amending s. 144(1) of Ontario Regulation 367/11 to exempt the transfer from land transfer tax.
Community Housing Policy Branch
Ministry of Municipal Affairs and Housing
777 Bay Street - 14th Floor
March 19, 2021