notices - land transfer tax
- Details about Changes to the Family Business Exemption
Some definitions relating to the Family Business Exemption have changed. The second stage requirements of the exemption were also simplified. These changes are expected to make the exemption easier to apply for and understand. - Details about the Exemption for Certain Transfers of Farmed Land from a Family Farm Corporation to Individual Family Members
On March 25, 2008, proposed amendments to the Land Transfer Tax Act were announced in the 2008 Ontario Budget. It was proposed that the exemption be expanded to include certain transfers of farmed land from a family farm corporation to individual family members. - Budget Measures and Interim Appropriation Act, 2008 - Overview of the 2008 Ontario Budget
On May 14, 2008, the Budget Measures and Interim Appropriation Act, 2008 received Royal Assent (c.7, S.O. 2008). This statute includes amendments to the Land Transfer Tax Act and the Tobacco Tax Act.
