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Tax changes will affect real estate lawyers' paperwork

Wednesday, April 26, 2017 @ 2:13 PM | By Tom Venetis

Lawyers in Ontario who handle real estate transactions will now need to collect extra information when it comes to the provincial land transfer tax and the new 15 per cent non-resident speculation tax.

Dan PinningtonDan Pinnington, vice-president of claims prevention and stakeholder relations with the Lawyers' Professional Indemnity Company (LAWPRO), said his organization has been getting lawyers up to speed on the changes.

“There are roughly about 1,000 lawyers that would handle aspects of real estate deals that are going to be impacted by the changes,”...