The release of the new version (Version 38) of the Property Transfer Tax (PTT) web-based return is scheduled for Jan 1, 2025.
Version 38 of the web-based PTT return will introduce:
- Form enhancements for the Purpose Built Rental legislation, effective January 1, 2025;
- New form field for ‘exemption 50, reserve lands’;
- Requirement for supporting documentation for Transferees with a temporary SIN; and,
- Addition of clarifying help content, including supporting information on penalties.
Web Filing versions of the PTT Return V37 electronically signed before January 1, 2025 will be accepted until January 20, 2025 (11:59pm January 19, 2025). PTT Returns not electronically signed by January 1, 2025 will automatically transition to Version 38.