ontario regulation 250/25

made under the

Land Transfer Tax Act

Made: November 4, 2025
Filed: November 6, 2025
Published on e-Laws: November 6, 2025
Published in The Ontario Gazette: November 22, 2025

Amending O. Reg. 182/17

(TAX PAYABLE UNDER SUBSECTION 2 (2.1) OF THE ACT BY FOREIGN ENTITIES AND TAXABLE TRUSTEES)

1. Ontario Regulation 182/17 is amended by adding the following section:

Rebate for land purchased for industrial use

7.3 (1) The Minister may rebate tax paid under subsection 2 (2.1) of the Act, including tax paid under subsection 3 (2) of the Act that is determined in accordance with subsection 2 (2.1) of the Act, on the tendering for registration of a conveyance of land to a foreign entity or a taxable trustee or on the disposition of a beneficial interest in land to a foreign entity or a taxable trustee if,

(a) the conveyance of land is tendered for registration, or the disposition of the beneficial interest in land occurs, on or after November 6, 2025;

(b) the land in question, or a portion of it, is, in respect of a period that begins during the four-year period following the registration of the conveyance of the land or the disposition of the beneficial interest in the land, reclassified from a property class other than one of the industrial property classes into one of the industrial property classes;

(c) the reclassification mentioned in clause (b) occurs by no later than the sixth anniversary of the date of the registration of the conveyance of land or the disposition of the beneficial interest in land;

(d) the application for the rebate has been made to the Minister on or before the sixth anniversary of the date on which the tax became payable; and

(e) the land or interest in land remained owned by the foreign entity or taxable trustee until the date on which the application for the rebate was made to the Minister.

(2) The rebate shall be equal to the amount of the tax paid under subsection 2 (2.1) of the Act unless some portion of the land is not classified in one of the industrial property classes, in which case the amount of the rebate shall be calculated using the formula,

A × B

in which,

  “A” represents the amount of the tax paid under subsection 2 (2.1) of the Act, and

  “B” represents the percentage share of the value of the land attributable to the portion of the land classified in any of the industrial property classes, as determined by the assessment corporation under subsection 14 (5) of the Assessment Act in the most recent assessment of the land as of the date on which the application for the rebate was made to the Minister.

(3) In this section,

“industrial property classes” means the following property classes:

1. The industrial property class prescribed under the Assessment Act.

2. The aggregate extraction property class prescribed under the Assessment Act.

3. An optional property class under the Assessment Act that the council of a municipality has opted to have apply within the municipality and that consists of land that, if the municipality had not opted to have the optional property class apply within the municipality, would be in the industrial property class.

2. Section 9 of the Regulation is amended by striking out “6 or 7” wherever it appears and substituting in each case “6, 7 or 7.3”.

Commencement

3. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Le ministre des Finances,

Peter Bethlenfalvy

Minister of Finance

Date made: November 4, 2025
Pris le : 4 novembre 2025