Customers are reminded that where corporations have amalgamated, and the amalgamated corporation subsequently changes its name, the correct Nature of Interest (NOI) for applications to update the corporate names on title is “Change of Name – Amalgamation of Companies”. Customers should not select “Change of Name”.

Choosing the correct NOI is necessary to comply with Property Transfer Tax Act requirements. Under that Act, transfers of title into an amalgamated corporation’s name are treated as a taxable transaction (whether done at the time of amalgamation or later following a change of name). Accordingly, all “Change of Name – Amalgamation of Companies” applications must be accompanied by a completed property transfer tax form.