UPDATE. Prescribed Information for the Purposes of Section 5.0.1 Form

Ontario's Ministry of Finance has updated their bulletin to clarify requirements during the transition period.

“The Ministry of Finance recommends completing the Prescribed Information for the Purposes of Section 5.0.1 Form (Form) beginning on April 24, 2017. Completing this form will become mandatory as of May 5, 2017. However, during the transition period from April 24 to May 5, 2017, any incomplete information, inability to complete the Form, errors and/or omissions made on the Form will not affect the registration of the transaction or incur penalties.”

Link to the full bulletin: http://www.fin.gov.on.ca/en/tax/ltt/prescribedinfo.html

Real Estate, NewsMarketing AdminApril 24, 2017PIPS, LTTComment

UPDATE. Prescribed Information for the Purposes of Section 5.0.1 Form

Ontario's Ministry of Finance has updated their bulletin to clarify requirements during the transition period.

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