land transfer tax

Your Buyer Wants to Assign the Purchase Agreement to Someone Else: What Ontario Resale Sellers Need to Know

Your resale deal is signed, and before closing your buyer asks to assign the purchase agreement to a third party. Can you refuse? This walks Ontario sellers through the contract law: the standard OREA Form 100 has no clause barring assignment, so strictly speaking your buyer can often assign without your consent. But assignment is not release: the original buyer stays fully on the hook, so your recourse survives. The real trap is being talked into a novation that lets the original buyer walk. Includes the four questions to ask before consenting, the land transfer tax risk in assignment chains, what your consent should preserve, and when to just say no. Not legal advice; consult a real estate lawyer.

Buying Commercial Property Through a Bare Trustee: Ontario’s Beneficial Ownership Disclosure Rule on Land Transfer Tax

How Ontario land transfer tax applies to bare trustee and nominee corporation structures in commercial real estate. Section 3 of the Land Transfer Tax Act taxes unregistered dispositions of beneficial interest: tax is payable on the 30th day after the disposition, the Return on the Acquisition of a Beneficial Interest in Land is due on or before that day, and the trustee carries a separate filing duty within 30 days of becoming aware. Penalty is 5% of tax payable, or the greater of $500 and 25% for wilful default, plus daily compound interest.

Buyer Closing Costs in Ontario: A Complete Breakdown, With a Real $1M Toronto Example

Ontario buyer closing costs: provincial + Toronto land transfer tax, first-time rebates, legal, title insurance, the 8% PST on CMHC premiums, with a worked $1M example.

Ontario + Toronto Land Transfer Tax Explained: How the Brackets Work and What First-Time Buyers Get Back

How Ontario and Toronto land transfer tax brackets work, plus first-time buyer rebates (Ontario up to $4,000, Toronto up to $4,475) and a worked GTA example. Source: ontario.ca / toronto.ca.

Gifting or Transferring an Ontario Property to Your Children: The Tax Rules and the Traps

Thinking of gifting or transferring your Ontario home to your children? Here is how CRA's deemed disposition at fair market value works, the capital gains and principal residence exemption, Ontario land transfer tax, and the three biggest traps. Educational only — consult an accountant and lawyer.

Closing Costs in Ontario: What Buyers Pay Beyond the Price (2026)

Beyond the down payment and purchase price, what closing costs does an Ontario/GTA home buyer pay? A line-by-line breakdown of land transfer tax, legal fees, title insurance, inspection and adjustments, with a worked $1M example.

Ontario’s 25% Non-Resident Speculation Tax (NRST) Explained — 2026

A full 2026 guide to Ontario's Non-Resident Speculation Tax (NRST): the current 25% rate, who must pay, province-wide scope, the permanent-resident rebate, and exemptions.

Ontario Land Transfer Tax, Toronto MLTT & the First-Time Buyer Rebate: A 2026 Breakdown

Buying in Toronto means paying land transfer tax twice. Here's how Ontario LTT and Toronto MLTT work in 2026, the first-time buyer rebates, and a full worked example.