How to avoid land transfer tax in Ontario?
This is not a click bait, and most people in most cases will HAVE TO pay land transfer tax.
However, there are a few exceptions where you do not have to, for example:
Some land transfers between spouses;
Some land transfers from an individual to their own family business corporation;
Some transfers of farmland between family members;
Some transfers of a life lease from a non-profit or charity.
Getting the First Time Home Buyer Rebate is the most obvious, and the rest needs to be executed with caution.
For more information, please click here to read the article
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