78017 Government of Ontario Employee Home Owner Assistance Plan

Bulletin information:

Issue Date: March 29, 1978
Legislation: The Land Transfer Tax Act

Bulletin content:

The Government of Ontario Employee Home Owner Assistance Plan protects government employees who, through normal organizational changes, are moved from one locality to another.

Amongst other things, the Plan provides that, if an employee’s home is not sold by the Realtor carrying the Plan (National Trust Company Limited) at the end of a 90-day period, it will be purchased from the employee by the Realtor and title will be taken by the Realtor "in trust for Her Majesty the Queen, in right of Ontario, as represented by the Ministry of Government Services for Ontario".

Land Registrars are advised that a deed or transfer in trust for Her Majesty the Queen as described above is not taxable under The Land Transfer Tax Act.

This replaces Bulletin 75014 and Mr. M.D. Godfrey’s letter of August 25, 1976.

Original signed by:

Audrey Loeb Burns, Solicitor