Daily Archives: February 16, 2015

The Toronto Land Transfer Tax

New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesBy evokeadmin February 16, 2015

The Toronto Land Transfer Tax Anyone looking to get into the Toronto real estate market should be aware of the Toronto Land Transfer Tax (“TLTT”). This TLTT is applicable to purchases of all properties in the City of Toronto and is levied in addition to the Province’s already existing Land Transfer Tax (“LTT”). The TLTT is…

HST and Land Transfer Tax

Cottage Property, New or Pre Construction Condos, New or Pre Construction Freehold Homes, Resale HomesBy evokeadmin February 16, 2015

By: Jayson Schwarz LLM A number of readers have expressed concern over the documents in the Agreement of Purchase and Sale relating to HST. Today, virtually all builders include GST in the purchase price. There are standard clauses in the Agreement of Purchase and Sale assigning the HST rebate to the builder. In addition there…