{"id":164,"date":"2017-05-05T11:24:26","date_gmt":"2017-05-05T11:24:26","guid":{"rendered":"https:\/\/passit.ca\/real-estate-pulse\/?p=164"},"modified":"2024-05-15T17:12:28","modified_gmt":"2024-05-15T21:12:28","slug":"land-transfer-tax-important-updates","status":"publish","type":"post","link":"https:\/\/passit.ca\/real-estate-pulse\/land-transfer-tax-important-updates\/","title":{"rendered":"Land Transfer Tax &#8211; Important Updates"},"content":{"rendered":"\n<p>Passit course materials are continuously updated to reflect OREA&#8217;s most current course materials. This winter we&#8217;ve been busy with many changes across all guides, but one of the most important involves recent updates to land transfer tax (LTT) rates in Ontario (this impacts both <em><a href=\"https:\/\/passit.ca\/real-property-law\">Real Property Law<\/a><\/em> and <a href=\"https:\/\/passit.ca\/real-estate-as-a-professional-career\"><em>Real Estate as a Professional Career<\/em><\/a>). Here&#8217;s the details you need to know:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>PROVINCIAL LAND TRANSFER TAX<\/strong><\/p>\n\n\n\n<p>The Ontario provincial land transfer tax rates incorporate a new rate bracket for any property between $400,000 and $2,000,000. Here&#8217;s a snapshot to highlight the changes:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-provincial.png\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"215\" src=\"https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-provincial.png\" alt=\"New Ontario Provincial Land Transfer Tax Rates\" class=\"wp-image-344\" srcset=\"https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-provincial.png 600w, https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-provincial-300x108.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p><strong>MUNICIPAL LAND TRANSFER TAX<\/strong><\/p>\n\n\n\n<p>The Toronto municipal land transfer tax rates have changed to generally align with the provincial rates. Remember that the Toronto municipal LTT is&nbsp;<em><strong>in addition to<\/strong><\/em>provincial land transfer tax:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-toronto.png\" data-rel=\"lightbox-image-1\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"320\" src=\"https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-toronto.png\" alt=\"New Municipal Land Transfer Tax Rates for Toronto\" class=\"wp-image-343\" srcset=\"https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-toronto.png 600w, https:\/\/passit.ca\/real-estate-pulse\/wp-content\/uploads\/2018\/09\/land-transfer-tax-toronto-300x160.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p>These updates are being reflected across OREA&#8217;s course materials. Remember to carefully review OREA&#8217;s Course Updates to ensure you&#8217;re aware of all recent course content changes. For questions relating to the new land transfer tax rates remember the&nbsp;<a href=\"https:\/\/orea.com\/Contact-Us\" target=\"_blank\" rel=\"noreferrer noopener\">OREA Instructor Help Line<\/a>&nbsp;is only a call away.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">Passit course materials are continuously updated to reflect OREA&#8217;s most current course materials. This winter we&#8217;ve been busy with many changes across all guides, but one of the most important involves recent updates to land transfer tax (LTT) rates in Ontario (this impacts both Real Property Law and Real Estate as a Professional Career). Here&#8217;s [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":278,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-course-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Land Transfer Tax - Important Updates - Passit\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/passit.ca\/real-estate-pulse\/land-transfer-tax-important-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Land Transfer Tax - Important Updates - Passit\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"Passit course materials are continuously updated to reflect OREA&#8217;s most current course materials. 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