Fee for land transfer registration amounts to tax on a tax

Fee for land transfer registration amounts to tax on a tax

Last week the City of Toronto and Teranet, the administrator of the provincial land registration system, announced a new $84.75 tax on registration of every land transfer in the city. Effective April 1, 2016 (ironically, April Fools’ Day), the City of Toronto will impose what it calls an administration fee of $75 plus HST, or $84.75,…