Marty's Musings Archives - Page 2 of 19 - Law Firm of Martin K.I. Rumack

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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Marty’s 2017 Newsletter

April 26, 2017
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The Year 2016 – What Happened?

Canada

The good weather we enjoyed until the middle of December has gone with the wind, and winter has now arrived with a vengeance.  Both the Farmer’s Almanac and Environmental Canada are predicting heavy snow for the later […]

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WHAT ELSE IS NEW! Canada Mortgage and Housing Corporation Raises Premiums Again

March 13, 2017
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Canada Mortgage and Housing Corporation has announced an increase in their rates for mortgage insurance, starting in mid-March. CMHC has announced that the premium, which is calculated based on the mortgage’s loan-to-value ratio will add approximately $5.00 a month for borrowers on average […]

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