Form 0449E Land Transfer Tax Affidavit - Ontario, Canada

Form 0449E Land TransferTax Affidavit is used in Ontario, Canada for declaring and providing information related to the transfer of land, such as the purchase price, property details, and exemptions, for the purpose of calculating and paying land transfer tax.

The Form 0449E Land Transfer Tax Affidavit in Ontario, Canada is typically filed by the buyer or their legal representative.

FAQ

Q: What is Form 0449E?
A: Form 0449E is the Land Transfer Tax Affidavit specifically used in Ontario, Canada.

Q: What is the purpose of Form 0449E?
A: The purpose of Form 0449E is to declare and provide information on the transfer of land in Ontario for the purpose of calculating and paying the land transfer tax.

Q: Who needs to fill out Form 0449E?
A: The person who acquires or disposes of land in Ontario needs to fill out Form 0449E.

Q: What information is required on Form 0449E?
A: Form 0449E requires information such as the name and address of the transferor and transferee, property address, purchase price, and financing details.

Q: When should Form 0449E be filed?
A: Form 0449E should typically be filed within 30 days from the date of transfer of land in Ontario.

Q: Are there any exemptions from paying land transfer tax in Ontario?
A: Yes, there are exemptions available for certain types of transfers, such as transfers between spouses or common-law partners.

Q: Are there any penalties for not submitting Form 0449E or paying the land transfer tax?
A: Yes, there can be penalties for failure to submit Form 0449E or pay the required land transfer tax on time.