Marty's Musings Archives - Law Firm of Martin K.I. Rumack

Love the Family Cottage? Here are Ways to Keep it in the Family

May 8, 2017
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Cottage season is nearly upon us.  For some families, this means idyllic summers spent in a beloved family cottage full of memories of seasons past, and ripe with the promise of good times to come.

If you are a lucky cottage owner, it’s never too soon to […]

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New Housing Measures Announced

April 28, 2017
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The Ontario government has announced what it calls a comprehensive housing package aimed at cooling a red-hot real estate market.

Here are the 16 proposed measures:

— A 15-per-cent non-resident speculation tax to be imposed on buyers in the Greater Golden Horseshoe […]

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The Basics of Ontario Land Transfer Tax (LTT)

April 26, 2017
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While we are on the topic of Land Transfer Tax (LTT) obligations in Ontario, here’s a little refresher:

Who has to pay LTT?

As most of you will know, anytime you buy land or an interest in land in Ontario, you are required […]

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First-Time Homebuyers, Take Note: A Bigger Land Transfer Tax Refund Starting in 2017

April 26, 2017
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Are you a first-time homebuyer in Ontario? Then there is potentially good news for you! Those of you with an agreement of purchase and sale that closes after January 1, 2017 may be eligible for an increased Land Transfer Tax Refund of up to $4,000. This […]

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