Land Transfer Tax (LTT) Additional Information Collection
January 1, 2019 to March 31, 2019

Previous releases

Land Transfer Tax (LTT) Additional Information Collection

On April 24, 2017, the Province began collecting additional information from persons who purchase or acquire at least one and not more than six single family residences, or agricultural land, through the Prescribed Information for the Purposes of Section 5.0.1 Form (Form). To assist taxpayers, the Ministry of Finance provided a transition period from April 24 to May 5, 2017, where any deficiencies relating to the Form would not incur penalties. Effective May 6, 2017 the completion of the Form became mandatory.

This report is based on the additional information data (referenced above) for properties registered in the Province and is an addition to previously released information by the Province. The tables below are based on registered properties reported to the Ministry between January 1, 2019 and March 31, 2019 and include a breakdown based on transactions in the Greater Golden Horseshoe Region (GGH), outside of the GGH, and Ontario as a whole.

Future releases will reflect a quarterly reporting period and will be published online by the Ministry.

Note: This analysis cannot be used to derive the amount of Non-Resident Speculation Tax (NRST) collected or transactions subject to the NRST, as some foreign transactions may have been grandparented or exempt from the NRST.

Contents

Purchases by Foreign Entities – GGH and Non-GGH Regions

The overall proportion of foreign transactions in the GGH has remained stable since the previous data release. Approximately 1.8 per cent of the 44,002 transactions in the GGH involved at least one foreign entity. Out of the 19,827 transactions outside of the GGH, approximately 1.8 per cent involved at least one foreign entity. Overall, out of the 63,829 transactions in Ontario, approximately 1.8 per cent involved at least one foreign entity.

Land Registry Offices (LRO)1
(LRO boundaries generally do not coincide with municipal boundaries)
Total Transactions
(A)
Foreign Transactions
(B)
Foreign Transactions (%)
(C = B / A)
Distribution of Foreign Transactions (%)
GGH Total 44,002 798 1.8 69.2
Durham 3,223 19 0.6 1.6
Halton 3,006 29 1.0 2.5
Niagara South & North 2,366 34 1.4 2.9
Peel 5,350 75 1.4 6.5
Peterborough 708 13 1.8 1.1
Simcoe 3,134 10 0.3 0.9
Toronto 12,247 423 3.5 36.7
Waterloo 2,790 33 1.2 2.9
Wellington 950 5 0.5 0.4
Wentworth 2,676 14 0.5 1.2
York 5,303 138 2.6 12.0
Other GGH Regions2 2,249 5 0.2 0.4
Non-GGH Total 19,827 356 1.8 30.8
Algoma 514 14 2.7 1.2
Essex 2,106 47 2.2 4.1
Frontenac 728 16 2.2 1.4
Kenora 192 24 12.5 2.1
Kent 593 9 1.5 0.8
Lambton 568 7 1.2 0.6
Lanark 343 5 1.5 0.4
Leeds 315 5 1.6 0.4
Manitoulin 77 5 6.5 0.4
Middlesex 2,284 62 2.7 5.4
Muskoka 434 5 1.2 0.4
Nipissing 294 7 2.4 0.6
Ottawa 3,773 87 2.3 7.5
Oxford 635 11 1.7 1.0
Parry Sound 273 9 3.3 0.8
Rainy River 80 5 6.3 0.4
Renfrew 424 6 1.4 0.5
Thunder Bay 575 6 1.0 0.5
Other Non-GGH Regions3 5,619 26 0.5 2.3
Ontario Total 63,829 1,154 1.8 100.0
Numbers may not add due to rounding.

Property Purchased with the Intention to Lease (Rent) (%)

In the GGH, of the transactions involving at least one foreign entity, approximately 34 per cent included a purchaser that stated that their intention was to lease the property, compared to approximately 29 per cent from the previous data release. The proportion with the same criteria has also slightly increased for Canadian transactions, from approximately 17 per cent to 21 per cent.

Land Registry Offices (LRO)4
(LRO boundaries generally do not coincide with municipal boundaries)
Canadian Transactions Foreign Transactions
GGH Total 20.8 34.0
Durham 21.6 42.1
Halton 14.5 17.2
Niagara South & North 20.9 14.7
Peel 15.5 37.3
Peterborough 17.9 7.7
Simcoe 16.9 30.0
Toronto 26.8 42.3
Waterloo 27.2 27.3
Wellington 16.0 40.0
Wentworth 20.7 28.6
York 18.4 17.5
Other GGH Regions5 14.8 60.0
Non-GGH Total 18.5 22.7
Algoma 17.8 15.4
Essex 23.1 27.9
Frontenac 27.3 0.0
Kenora 12.5 0.0
Kent 27.3 0.0
Lambton 17.6 0.0
Lanark 13.0 25.0
Leeds 19.1 20.0
Manitoulin 11.6 0.0
Middlesex 23.2 16.1
Muskoka 8.0 0.0
Nipissing 16.8 14.3
Ottawa 17.1 37.9
Oxford 19.1 90.9
Parry Sound 13.0 0.0
Rainy River 12.9 0.0
Renfrew 12.6 20.0
Thunder Bay 14.4 33.3
Other Non-GGH Regions6 16.5 21.7
Ontario Total 20.1 30.6
Numbers may not add due to rounding.

Property Purchased with the Intention to Occupy as a Principal Residence (%)

Of the total transactions in the GGH involving at least one foreign national, approximately 63 per cent included a purchaser that stated that their intention was to occupy the property as a principal residence for themselves or a family member, compared to approximately 78 per cent of Canadian transactions with similar criteria.

Land Registry Offices (LRO)7
(LRO boundaries generally do not coincide with municipal boundaries)
Canadian Transactions Foreign Transactions
GGH Total 78.2 62.7
Durham 78.7 47.4
Halton 85.9 82.8
Niagara South & North 77.3 44.1
Peel 85.7 68.0
Peterborough 71.2 7.7
Simcoe 75.6 60.0
Toronto 73.0 56.3
Waterloo 74.4 69.7
Wellington 82.5 60.0
Wentworth 78.7 85.7
York 81.6 84.7
Other GGH Regions8 78.8 40.0
Non-GGH Total 75.3 46.5
Algoma 72.3 0.0
Essex 75.0 48.8
Frontenac 63.6 33.3
Kenora 58.3 4.2
Kent 68.6 62.5
Lambton 76.3 14.3
Lanark 80.4 0.0
Leeds 71.1 0.0
Manitoulin 59.4 0.0
Middlesex 75.6 79.0
Muskoka 54.8 0.0
Nipissing 69.8 14.3
Ottawa 81.8 70.1
Oxford 80.8 9.1
Parry Sound 47.1 33.3
Rainy River 74.3 0.0
Renfrew 78.3 40.0
Thunder Bay 79.2 50.0
Other Non-GGH Regions9 75.9 30.4
Ontario Total 77.3 57.8
Numbers may not add due to rounding.

Type of Dwelling (%)

Of the total transactions in the GGH involving at least one foreign entity, approximately 27 per cent were detached houses, 11 per cent were semi-detached houses and townhouses, and 59 per cent were condominiums. Outside of the GGH, foreign transactions involved approximately 32 per cent of ‘Other’ types of dwelling, which can include cottages and mobile homes. Compared to the previous data release, the proportion of foreign transactions involving condominiums has increased from approximately 56 per cent to 59 per cent in the GGH.

Land Registry Offices (LRO)10
(LRO boundaries generally do not coincide with municipal boundaries)
Canadian Transactions
Detached
Canadian Transactions
Semi-Detached & Townhouses
Canadian Transactions
Condominiums
Canadian Transactions
Other
GGH Total 49.2 17.4 30.8 2.7
Durham 59.6 19.5 18.7 2.1
Halton 54.0 27.9 17.3 0.9
Niagara South & North 76.3 13.1 6.1 4.5
Peel 44.3 27.2 27.9 0.6
Peterborough 75.3 5.0 4.7 15.0
Simcoe 66.6 13.1 14.7 5.5
Toronto 25.5 11.3 61.3 1.8
Waterloo 54.2 15.9 26.8 3.1
Wellington 66.4 16.7 12.8 4.0
Wentworth 63.7 23.5 10.0 2.8
York 49.2 21.2 28.3 1.4
Other GGH Regions11 75.6 9.1 7.7 7.6
Non-GGH Total 69.9 11.1 9.2 9.7
Algoma 77.8 6.0 1.8 14.4
Essex 78.9 8.9 5.2 7.1
Frontenac 68.6 11.0 9.6 10.7
Kenora 63.7 1.8 0.0 34.5
Kent 78.4 3.9 11.0 6.7
Lambton 86.1 4.1 3.0 6.8
Lanark 76.7 6.9 5.1 11.2
Leeds 73.4 3.6 10.2 12.8
Manitoulin 71.0 0.0 0.0 29.0
Middlesex 65.2 10.7 19.8 4.3
Muskoka 52.2 3.5 4.7 39.5
Nipissing 68.1 9.5 4.9 17.5
Ottawa 50.4 27.8 18.0 3.7
Oxford 81.3 10.2 5.0 3.5
Parry Sound 49.8 1.1 4.2 44.8
Rainy River 84.3 2.9 0.0 12.9
Renfrew 77.6 7.1 1.5 13.8
Thunder Bay 84.5 2.6 4.4 8.5
Other Non-GGH Regions12 77.4 6.2 4.5 11.8
Ontario Total 55.5 15.5 24.2 4.8
Numbers may not add due to rounding
Land Registry Offices (LRO)13
(LRO boundaries generally do not coincide with municipal boundaries)
Foreign Transactions
Detached
Foreign Transactions
Semi-Detached & Townhouses
Foreign Transactions
Condominiums
Foreign Transactions
Other
GGH Total 27.0 10.7 59.1 3.3
Durham 68.4 10.5 15.8 5.3
Halton 51.7 37.9 10.3 0.0
Niagara South & North 50.0 14.7 2.9 32.4
Peel 21.3 9.3 69.3 0.0
Peterborough 30.8 0.0 0.0 69.2
Simcoe 50.0 30.0 20.0 0.0
Toronto 9.7 5.4 83.7 1.2
Waterloo 45.5 12.1 42.4 0.0
Wellington 80.0 20.0 0.0 0.0
Wentworth 64.3 7.1 28.6 0.0
York 52.6 19.7 27.7 0.0
Other GGH Regions14 80.0 20.0 0.0 0.0
Non-GGH Total 44.5 12.8 11.0 31.7
Algoma 15.4 0.0 0.0 84.6
Essex 62.8 4.7 2.3 30.2
Frontenac 33.3 6.7 0.0 60.0
Kenora 4.2 0.0 0.0 95.8
Kent 87.5 0.0 0.0 12.5
Lambton 14.3 0.0 0.0 85.7
Lanark 50.0 0.0 0.0 50.0
Leeds 20.0 0.0 20.0 60.0
Manitoulin 0.0 0.0 0.0 100.0
Middlesex 59.7 12.9 16.1 11.3
Muskoka 60.0 0.0 0.0 40.0
Nipissing 0.0 0.0 0.0 100.0
Ottawa 46.0 34.5 18.4 1.1
Oxford 18.2 0.0 81.8 0.0
Parry Sound 66.7 0.0 0.0 33.3
Rainy River 0.0 0.0 0.0 100.0
Renfrew 60.0 0.0 0.0 40.0
Thunder Bay 50.0 0.0 16.7 33.3
Other Non-GGH Regions15 56.5 13.0 0.0 30.4
Ontario Total 32.3 11.3 44.6 11.8
Numbers may not add due to rounding

Type of Purchaser (%)

Approximately 88 per cent of the transactions in the GGH that involved at least one foreign entity were made by individuals and 12 per cent were made by corporations. The proportion of purchasers that were corporations was higher for transactions that involved at least one foreign entity, than Canadian transactions. This was true for transactions in the GGH, outside of the GGH, as well as Ontario as a whole.

Land Registry Offices (LRO)16
(LRO boundaries generally do not coincide with municipal boundaries)
Canadian Transactions
Corporations
Canadian Transactions
Individuals
Canadian Transactions
Corporations & Individuals
Canadian Transactions
Total
GGH Total 4.3 95.6 0.1 98.2
Durham 3.8 96.1 0.2 99.4
Halton 2.3 97.6 0.0 99.0
Niagara South & North 6.3 93.4 0.2 98.6
Peel 2.1 97.9 0.0 98.6
Peterborough 3.9 96.0 0.1 98.2
Simcoe 4.9 95.0 0.1 99.7
Toronto 4.8 95.1 0.1 96.5
Waterloo 5.6 94.3 0.1 98.8
Wellington 7.0 92.7 0.3 99.5
Wentworth 5.5 94.5 0.0 99.5
York 2.8 97.1 0.1 97.4
Other GGH Regions17 6.1 93.4 0.4 99.8
Non-GGH Total 6.4 93.3 0.3 98.2
Algoma 3.0 97.0 0.0 97.3
Essex 6.9 92.7 0.4 97.8
Frontenac 7.9 91.9 0.3 97.8
Kenora 3.0 97.0 0.0 87.5
Kent 18.8 81.2 0.0 98.5
Lambton 8.2 91.4 0.4 98.8
Lanark 2.7 96.7 0.6 98.5
Leeds 11.0 89.0 0.0 98.4
Manitoulin 2.8 97.2 0.0 93.5
Middlesex 6.7 93.0 0.3 97.3
Muskoka 6.5 93.2 0.2 98.8
Nipissing 3.8 96.2 0.0 97.6
Ottawa 5.5 94.4 0.1 97.7
Oxford 7.1 92.0 1.0 98.3
Parry Sound 5.7 93.9 0.4 96.7
Rainy River 4.0 96.0 0.0 93.8
Renfrew 2.2 97.4 0.5 98.6
Thunder Bay 3.7 96.3 0.0 99.0
Other Non-GGH Regions18 6.2 93.3 0.5 99.5
Ontario Total 4.9 94.9 0.2 98.2
Numbers may not add due to rounding.
Land Registry Offices (LRO)19
(LRO boundaries generally do not coincide with municipal boundaries)
Foreign Transactions
Corporations
Foreign Transactions
Individuals
Foreign Transactions
Corporations & Individuals
Foreign Transactions
Total
GGH Total 12.3 87.5 0.3 1.8
Durham 52.6 47.4 0.0 0.6
Halton 10.3 89.7 0.0 1.0
Niagara South & North 23.5 76.5 0.0 1.4
Peel 25.3 73.3 1.3 1.4
Peterborough 23.1 76.9 0.0 1.8
Simcoe 30.0 70.0 0.0 0.3
Toronto 8.5 91.5 0.0 3.5
Waterloo 9.1 90.9 0.0 1.2
Wellington 40.0 60.0 0.0 0.5
Wentworth 14.3 85.7 0.0 0.5
York 4.3 94.9 0.7 2.6
Other GGH Regions20 60.0 40.0 0.0 0.2
Non-GGH Total 18.3 81.5 0.3 1.8
Algoma 21.4 78.6 0.0 2.7
Essex 17.0 83.0 0.0 2.2
Frontenac 31.3 68.8 0.0 2.2
Kenora 0.0 95.8 4.2 12.5
Kent 11.1 88.9 0.0 1.5
Lambton 14.3 85.7 0.0 1.2
Lanark 60.0 40.0 0.0 1.5
Leeds 0.0 100.0 0.0 1.6
Manitoulin 0.0 100.0 0.0 6.5
Middlesex 17.7 82.3 0.0 2.7
Muskoka 0.0 100.0 0.0 1.2
Nipissing 0.0 100.0 0.0 2.4
Ottawa 4.6 95.4 0.0 2.3
Oxford 90.9 9.1 0.0 1.7
Parry Sound 22.2 77.8 0.0 3.3
Rainy River 0.0 100.0 0.0 6.3
Renfrew 50.0 50.0 0.0 1.4
Thunder Bay 16.7 83.3 0.0 1.0
Other Non-GGH Regions21 50.0 50.0 0.0 0.5
Ontario Total 14.1 85.6 0.3 1.8
Numbers may not add due to rounding.

Endnotes

[1], [4], [7], [10], [13], [16], [19] Because some LRO boundaries do not coincide with municipal boundaries, the data may not fully represent what is covered in the GGH and may include areas outside of the GGH. Any discrepancy is expected to be insignificant.

[2], [5], [8], [11], [14], [17], [20] Brant, Dufferin, Haldimand, Northumberland and Victoria are combined due to low transaction counts.

[3], [6], [9], [12], [15], [18], [21] Includes Bruce, Cochrane, Dundas, Elgin, Glengarry, Grenville, Grey, Haliburton, Hastings, Huron, Lennox, Norfolk, Perth, Prescott, Prince Edward, Russell, Stormont, Sudbury and Timiskaming.

Glossary

Term Definition

Additional Information Collection 
(Prescribed Information for the Purposes of Section 5.0.1)

On April 24, 2017 the Province began collecting additional information to better understand trends in the housing market through the land transfer tax (LTT) system. This additional data will be used for the administration and enforcement of the Land Transfer Tax Act, and to support evidence-based policy development with respect to Ontario's real estate market.

All persons who purchase or acquire land in Ontario that contains at least one and not more than six single family residences, or agricultural land, are required to provide this additional information.

For more information, refer to the Prescribed Information for the Purposes of Section 5.0.1.

Agricultural land

Refers to farm lands used for farm purposes by the owner or used for farm purposes by a tenant of the owner and buildings thereon used for farm purposes, including the residence of the owner or tenant and of the owner’s or tenant’s employees and their families on the farm land.

Canadian Transaction

A transaction involving exclusively a Canadian citizen, permanent resident of Canada, or a Canadian corporation (or any combination of these three entities).

Controlled

In relation to the control of a corporation, means controlled, directly or indirectly in any manner whatever, within the meaning of section 256 of the Income Tax Act (Canada).

Dual citizenship

Every country decides whom it considers to be a citizen. If more than one country recognizes an individual as a citizen, then that individual is considered to be a dual citizen by the Government of Canada.

Family member

With respect to an individual, means:

  1. the individual’s spouse,
  2. a child or step-child of the individual or the individual’s spouse,
  3. a parent or step-parent of the individual or the individual’s spouse,
  4. a grandparent or step-grandparent of the individual or the individual’s spouse,
  5. a sibling or step-sibling of the individual or the individual’s spouse, or any spouse of any such sibling,
  6. the spouse of a child of the individual, or
  7. a grandchild, step-grandchild or great-grandchild of the individual or the individual’s spouse, or the spouse of any such grandchild or great-grandchild.

Foreign corporation

Means a corporation that is one of the following:

  1. A corporation that is not incorporated in Canada.
  2. A corporation that is incorporated in Canada and is controlled by one or more of the following:
    1. A foreign national.
    2. A corporation that is not incorporated in Canada.
    3. A corporation that would, if each share of the corporation’s capital stock that is owned by a foreign national or by a corporation described in paragraph 1 were owned by a particular person, be controlled by the particular person;

Note: For the purposes of the additional information, a corporation that is incorporated in Canada will not be considered a “foreign corporation” if its shares are listed on a stock exchange in Canada.

Foreign entity

Means a foreign corporation or a foreign national.

Foreign national

As defined in the Immigration and Refugee Protection Act (Canada), is an individual who is not a Canadian citizen or permanent resident of Canada and includes a stateless person.

Foreign Transaction

Refers to a transaction which involved at least one foreign entity.

Greater Golden Horseshoe Region (GGH)

Refers to the area of land comprised of the geographic areas of the following municipalities:

City of Barrie, County of Brant, City of Brantford, County of Dufferin, Regional Municipality of Durham, City of Guelph, Haldimand County, Regional Municipality of Halton, City of Hamilton, City of Kawartha Lakes, Regional Municipality of Niagara, County of Northumberland, City of Orillia, Regional Municipality of Peel, City of Peterborough, County of Peterborough, County of Simcoe, City of Toronto, Regional Municipality of Waterloo, County of Wellington, and Regional Municipality of York.

Land Registration Office (LRO)

LROs are managed by the Ministry of Government and Consumer Services (MGCS) which allows persons to register and search official private property records using Ontario’s land registration system.

Land Transfer Tax (LTT)

The LTT is a broad-based tax imposed on persons acquiring land, or a beneficial interest in land, in Ontario with few exceptions.  LTT is payable to the Province when the transfer is registered under the Land Titles Actor the Registry Act, as applicable.

If the acquisition in an interest in land is not registered, LTT is payable directly to the Province in respect of the unregistered disposition of a beneficial interest in land, within 30 days after the transaction closing date.

Mixed property types

Refers to land that includes any combination of a single family residence, agricultural land, and any other type of land (e.g. commercial).

Non-GGH regions

Refers to the area of land in Ontario that is not within the GGH (see the GGH definition above).

Non-Resident Speculation Tax (NRST)

The NRST is a 15 per cent tax on the purchase or acquisition of an interest in residential property located in the GGH by individuals who are not citizens or permanent residents of Canada or by foreign corporations (foreign entities) and taxable trustees.

The NRST applies in addition to the general LTT in Ontario, and is effective as of April 21, 2017.

For more information, refer to the Non-Resident Speculation Tax.

Permanent resident of Canada

Means a person who has acquired permanent resident status and has not subsequently lost that status under section 46 of the Immigration and Refugee Protection Act (Canada).

Single Family Residence

Means a unit or proposed unit under the Condominium Act, 1998 or a structure or part of a structure that is designed for occupation as the residence of a family, including dependents or domestic employees of a member of the family, whether or not rent is paid to occupy any part of it and whether or not the land on which it is situated is zoned for residential use and,

  1. includes such a residence that is to be constructed as part of the arrangement relating to a conveyance, and
  2. does not include such a residence that is constructed or is to be constructed on agricultural land that is eligible to be classified in the farm property class prescribed under the Assessment Act.

For example: a detached and semi-detached house, duplex, freehold townhouse, condominium townhouse, condominium apartment, and cottage.

Teranet Inc.

A private corporation that is the exclusive provider of Ontario’s online property search and electronic land registration service.

Teranet Express

Teranet Express is a self-serve channel that allows customers to access the Ministry of Government and Consumer Services (MGCS) Land Registration Database and the Ministry of the Attorney General (MAG) Writs Database.

This platform must be used to electronically access and complete the additional information collection form.

Type of Dwelling

Refers to a specific dwelling unit if the “type of property” acquired is a single family residence or mixed property types (which includes a portion of a single family residence). The following are available options for selection:

  • detached,
  • semi-detached,
  • duplex,
  • residential dwelling containing more than two units (e.g. triplex, fourplex),
  • condominium,
  • townhouse (freehold),
  • townhouse (condominium),
  • mobile home,
  • cottage, and
  • other (if selected, the purchaser must input a type of dwelling that is not found above).

Type of Property

Refers to land that is a single family residence, agricultural land or mixed property types.

Value of the Consideration

This term can generally be considered as the purchase price of the land (found on the agreement of purchase and sale). The “value of the consideration” is declared in the land transfer tax statements for electronic land registrations, or in the land transfer tax Affidavit which is required to be filed with the Land Registrar.

However, the definition of the “value of the consideration” under the Land Transfer Tax Act is broad, and is not always limited to the purchase price stated in an agreement of purchase and sale.  For example, the assumption of any liabilities (e.g. a mortgage), or outstanding encumbrances on the land (e.g. lien on the property) may also be included in the “value of the consideration”.

Further Information

http://www.fin.gov.on.ca/en/tax/ltt/prescribedinfo.html

Appendix A: Ontario – Land Registry Offices

Land Gegistry Offices

Appendix B: NRST and Additional Information Collection – Comparison

  NRST Additional Information Collection

Effective date

April 21, 2017

April 24, 2017

Grandparenting

NRST does not apply to binding agreements of purchase and sale signed on or before April 20, 2017 and not assigned to another person after April 20, 2017.

N/A 

Geographic Area

Greater Golden Horseshoe Region (GGH)

Ontario

Type of Property

Land that contains:

  • at least one and not more than six single family residences.

Land that contains:

  • at least one and not more than six single family residences, or
  • agricultural land.

Applicable Transferees (e.g. Purchasers)

The data will only show those who were subject to the tax (foreign entities, and taxable trustees);

  • Foreign entities:
    • Foreign nationals, or
    • Foreign corporations
  • Taxable trustees, means a trustee of:
    • a trust with at least one trustee that is a foreign entity, or
    • a trust with no foreign entity trustees if a beneficiary of the trust is a foreign entity

All persons who purchase or acquire the applicable land (see above) in Ontario.

This includes the following:

  • Canadian citizens and permanent residents of Canada;
  • Canadian corporations;
  • Foreign nationals
    • Persons nominated under the Ontario Immigrant Nominee Program;
    • Protected persons (refugees);
    • Spouses of Canadian citizens, permanent residents of Canada, nominees or protected persons;
  • Foreign corporations; and
  • Trustees, nominees, agents, or similar arrangements.

Transferees Excluded or Exempt1

  • Trustee acting for the following types of trusts:
    • Mutual fund trust
    • Real Estate Investment Trust (REIT)
    • Specified Investment Flow-Through (SIFT) trust
  • Nominee:
    • A foreign national who is nominated under the Ontario Immigrant Nominee Program
  • Protected persons (refugee):
  • Spouses:
    • A foreign national who jointly purchases residential property with a spouse, who is a Canadian citizen, permanent resident of Canada, nominee or protected person
  • Trustee acting for the following types of trusts:
    • Mutual fund trust
    • Real Estate Investment Trust (REIT)
    • Specified Investment Flow-Through (SIFT) trust

[1] In order to be eligible for an exemption from the NRST, the purchaser must meet all requirements (e.g. certification to occupy the land as a principal residence), and the land must be held exclusively by the transferee and their spouse (and potentially other eligible persons).

Note: For exclusions relating to trustees of mutual fund trusts, REITs, and SIFT trusts, the trustee must exclusively hold title (or must hold title with similar trustees or other eligible persons).

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