Land Transfer Tax: Assignments, Flips and Options

Determining the amount of Land Transfer Tax (“LTT”) payable on a routine purchase and sale transaction is not a difficult task. On a more complicated transaction or series of transactions, however, the impact of the Land Transfer Tax Act R.S.O. 1990, c.L.6, as amended (the “Act”) and the resultant LTT may have surprising and unfavourable results for a purchaser.

Estate Alert – 2015 Federal Budget Highlights

Yesterday the Minister of Finance, the Honourable Joe Oliver, presented the federal budget for 2015-2016 (“Budget 2015”) in the House of Commons. The following is a summary of some of […]