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Bulletin information:

Issue Date: December 28, 1984
Legislation: The Registry Act

Bulletin content:

Land Registrars are advised that section 2 of R.R.O. 1980, Regulation 571 (formerly Ontario Regulation 66/80) provides for a land transfer tax exemption on a conveyance that conveys only mineral rights to the land described in the conveyance for a consideration that is dependent wholly upon the quantity or value of the minerals that are won, taken, removed or raised.

Bulletin 80012 indicated that exemptions from tax based upon the above, save and except oil and gas leases, had to be approved by the Ministry of Revenue. Henceforth all conveyances claiming the above exemption may be registered without the approval of the Ministry of Revenue, provided the land transfer tax affidavit clearly indicates the exemption noted in section 2 of Regulation 571.

This Bulletin supersedes Bulletin 980012.

Original signed by:

Deputy Branch Director, Legal