2 (1) Every person who, on or after January 1, 2017, tenders for registration in Ontario a conveyance by which any land is conveyed to or in trust for a transferee shall pay when the conveyance is tendered for registration or before it is tendered for registration, (a) a tax computed at a rate of, (i) one-half of 1 per cent of the value of the consideration for the conveyance up to and including $55,000, (ii) 1 per cent of the value of the consideration that exceeds $55,000 up to and including $250,000, (iii) 1.5 per cent of the value of the consideration that exceeds $250,000 up to and including $400,000, and (iv) 2 per cent of the value of the consideration that exceeds $400,000; and (b) if the value of the consideration for the conveyance exceeds $2,000,000 and the conveyance is a conveyance of land that contains at least one and not more than two single family residences, an additional tax of one-half of 1 per cent of the amount by which the value of the consideration exceeds $2,000,000. 2016, c. 37, Sched. 13, s. 1 (1). Same, registration prior to 2017 (1.1) Every person who, on or before December 31, 2016, tenders for registration in Ontario a conveyance by which any land is conveyed to or in trust for a transferee shall pay when the conveyance is tendered for registration or before it is tendered for registration, (a) a tax computed at a rate of, (i) one-half of 1 per cent of the value of the consideration for the conveyance up to and including $55,000, (ii) 1 per cent of the value of the consideration that exceeds $55,000 up to and including $250,000, and (iii) 1.5 per cent of the value of the consideration that exceeds $250,000; and (b) if the value of the consideration for the conveyance exceeds $400,000 and the conveyance is a conveyance of land that contains at least one and not more than two single family residences, an additional tax of one-half of 1 per cent of the amount by which the value of the consideration exceeds $400,000. 2016, c. 37, Sched. 13, s. 1 (1). Same, transition (1.2) Despite subsection (1), every person who, pursuant to an agreement of purchase and sale entered into on or before November 14, 2016, tenders for registration in Ontario a conveyance by which any land is conveyed to or in trust for a transferee shall pay when the conveyance is tendered for registration or before it is tendered for registration a tax computed in accordance with subsection (1.1). 2016, c. 37, Sched. 13, s. 1 (1). Apportionment of consideration (2) Where, in respect of a conveyance of land, (a)  Repealed:  1997, c. 10, s. 9 (2). (b) the value of the consideration for the conveyance exceeds $2,000,000 or, for a conveyance to which subsection (1.1) applies, exceeds $400,000; and (c) a part of the land being conveyed is used for a purpose other than residential purposes, the Minister may, to the extent that he or she considers it practicable, determine what amount of the value of the consideration for the conveyance is reasonably attributable to the land used in connection with a single family residence, and the person tendering the conveyance for registration is, despite subsections (1) and (1.1), liable to the additional tax of one-half of 1 per cent only upon the amount by which the value of the consideration determined by the Minister to be attributable to land used in connection with a single family residence exceeds $2,000,000 or, for a conveyance to which subsection (1.1) applies, exceeds $400,000.  R.S.O. 1990, c. L.6, s. 2 (2); 1997, c. 10, s. 9 (2); 2016, c. 37, Sched. 13, s. 1 (2). Additional tax on foreign entities and taxable trustees (2.1) In addition to any tax payable under subsection (1), and subject to section 2.1, every person who, on or after April 21, 2017, tenders for registration in Ontario a conveyance by which any designated land that is located within the specified region is conveyed to a foreign entity or a taxable trustee shall pay, when the conveyance is tendered for registration or before it is tendered for registration, a tax, (a) computed at the rate of 15 per cent of the value of the consideration for the conveyance; or (b) if an alternate rate of tax is prescribed by the Minister for the purposes of this subsection, computed by multiplying the prescribed alternate rate by the value of the consideration for the conveyance. 2017, c. 17, Sched. 1, s. 2. Conveyance after tax deferral and cancellation (3) If tax in respect of the disposition of a beneficial interest in land has been deferred under subsection 3 (9) and cancelled under subsection 3 (11), the value of the consideration on the tender or submission for registration of a conveyance that transfers legal title to the land to the beneficial owner whose tax liability was cancelled under subsection 3 (11) or to a trustee for the beneficial owner shall be determined under clause (a), (b), (b.1), (c) or (g) of the definition of “value of the consideration” in subsection 1 (1) as if the value of the consideration were being determined in respect of the disposition of the beneficial interest in the land.  2006, c. 33, Sched. P, s. 1. (4) Repealed:  1997, c. 10, s. 9 (4). (4.1) Repealed:  1997, c. 10, s. 9 (5). (5) Repealed:  1997, c. 10, s. 9 (6). (6) Repealed:  1997, c. 10, s. 9 (7). Tax to be payable on one registration only (7) Where the same conveyance may be registered in more than one office under the registry system, in more than one office under the land titles system, or under both the registry system and the land titles system, the tax is payable only once in respect of the first of such conveyances tendered for registration and if the Minister or a land registrar is satisfied that the value of the consideration for a conveyance that has been registered is the value of the consideration for a subsequently registered conveyance that does not create with respect to the land conveyed any beneficial interest therein in any person beyond that evidenced by the first mentioned conveyance, and if the conveyances are made as part of the same transaction, tax is payable only once and upon the value of the consideration for the first of such conveyances that was registered.  R.S.O. 1990, c. L.6, s. 2 (7); 2004, c. 31, Sched. 21, s. 2 (2). Exemption (8) No tax is payable where the only transferee in a conveyance that is tendered for registration is the Crown or a Crown agency within the meaning of the Crown Agency Act.  R.S.O. 1990, c. L.6, s. 2 (8). Minister’s certification, electronic registration (9) A conveyance tendered for registration as an electronic document may be submitted for registration without the payment of tax and without the information listed in paragraphs 1 to 4 of subsection 5 (1) if the following conditions are satisfied: 1. The Minister or a person authorized in writing by the Minister is satisfied that no tax is payable, that all tax has been paid or that security for the payment of the tax has been furnished to the Minister in a form and of a kind that is acceptable to the Minister. 2. The Minister or authorized person has indicated to the Director of Land Registration appointed under subsection 6 (1) of the Registry Act, in a manner approved by the Director, that the tax has been paid or that no tax is payable.  2004, c. 31, Sched. 21, s. 2 (3). Same, other registration (10) A conveyance tendered for registration otherwise than as an electronic document may be registered without the payment of tax and without the production of the affidavit required by section 5 if the following conditions are satisfied: 1. The Minister or a person authorized in writing by the Minister is satisfied that no tax is payable, that all tax has been paid or that security for the payment of the tax has been furnished to the Minister or to the land registrar in a form and of a kind that is acceptable to the Minister. 2. The Minister or authorized person has indicated over his or her signature on the instrument that the tax has been paid or that no tax is payable.  2004, c. 31, Sched. 21, s. 2 (3). Section Amendments with date in force (d/m/y) 1994, c. 18, s. 4 (5) - 23/06/1994; 1997, c. 10, s. 9 (1-7) - 07/05/1997 2004, c. 31, Sched. 21, s. 2 (1-3) - 16/12/2004 2006, c. 33, Sched. P, s. 1 - 20/12/2006 2016, c. 37, Sched. 13, s. 1 (1, 2) - 08/12/2016 2017, c. 17, Sched. 1, s. 2 - 01/06/2017