Filing Property Transfer Tax for Legal Professionals
Note to legal professionals: A new Property Transfer Tax Return (v.29) is in effect on November 27, 2017. Refer to our resources on the right to learn more about the new return, including the Adobe Acrobat versions compatible with the tax return.
Where transactions involve Canadian citizens and permanent residents, their identity must be verified using official government issued identification.
When you electronically certify the returns, you are confirming that you used due diligence to identify and verify citizenship information. If it is determined that you assented to or participated in a false or deceptive statement in a return, penalties may apply.
A Canadian social insurance number (SIN) must be recorded on the Property Transfer Tax Return for Canadian citizens or permanent residents. A taxpayer can contact Service Canada to receive a SIN or replacement SIN card (paper).
Invalid SINs or other discrepancies on a return will lead to an audit and investigation of the transaction.
Additional Property Transfer Tax
If your client must pay the additional property transfer tax, the Additional Property Transfer Tax Return (FIN 532) (PDF) must be completed, signed by the client and submitted with the Property Transfer Tax Return. Use the Additional Property Transfer Tax Return to calculate the amount payable and enter the amount on the Property Transfer Tax Return.
Foreign national clients must still complete the Additional Property Transfer Tax Return (FIN 532) (PDF) even if they are exempt. If your client is exempt, you must:
- Enter $0.001 for the additional property transfer tax on the electronic Property Transfer Tax Return
- Attach the completed Additional Property Transfer Tax Return (FIN 532) (PDF) and any supporting documents to the Property Transfer Tax Return
Ensure you also attach any required supporting documents for the additional property transfer tax, such as to verify citizenship, residency or trust status.
Find out how to add attachments to your Property Transfer Tax Return.
If you think you overpaid your Property Transfer Tax Return, email your detailed refund request and any relevant documentation to email@example.com.
If you are eligible for a refund, a cheque will be issued to you. We don’t have the ability to redeposit funds back into your bank account.