Land Transfer Tax (ON) - Parents selling to Child - Can you avoid LTT?
They are in ON, and so am I.
Since the sale is within the family is there any way we can avoid or greatly reduce the Land Transfer Tax?
Is there some transfer or gift or something we can do from parents to the child so as to not pay the LTT in ON?
I will be paying them about 75% in cash and 25%, I will be taking Mortgage from the bank when they sell or transfer the Condominium to me.
Any RE laws or ON laws that can help me not pay the LTT.