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Navigating your Consideration & LTT Tab

Julia Sweeney avatar
Written by Julia Sweeney
Updated over a month ago
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12 STEPS

1. Under details, select from the drop down whether the LTT affidavit will be executed by the client or solicitor


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2. Select what the LTT rate is based on from the drop down; residential, commercial or apportion


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3. Click the lock icon to unlock the monies paid or to be paid in cash and edit any figures, if necessary


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4. If applicable, click apply chattels and other considerations and you can enter in the value of all chattels as well as the amounts of other considerations


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5. If your client is a first time home buyer, click apply first time home buyer refund and enter the percentage claimed


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6. Select to apply MLTT calculations, if applicable

Note: this will auto-select if you select the LRO as Toronto

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7. If applicable, click apply NRST (Non-Resident Speculation Tax). This will allow you to enter the percentage applied and the NRST Remittance Receipt Number. You can also apply the MNRST (Municipal Non-Resident Speculation Tax), if applicable


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8. To create your prescribed confirmation number, click go to Teranet Express


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9. You may then enter the prescribed confirmation number here

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10. If you would like to remove or change where your LTT and MLTT amounts are displayed for a particular file, click edit finance settings

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11. Select from the drop down menu where you would like your LTT & MLTT amounts to show on your file

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12. Click save

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Next step: Practice

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