Do non-residents pay a different rate of land transfer tax when purchasing real property in Ontario?
A. No. The residency of the transferee is not relevant to the amount of land transfer tax paid on the purchase of an interest in land in Ontario. A non-resident pays land transfer tax at the same rates as a resident. Prior to May 1997, the Land Transfer Tax Act required that non-residents pay a higher rate of land transfer tax on certain transactions, however, this part of the Act has since been removed. Q.
