IRREVOCABLE STANDBY LETTER OF CREDIT - LAND TRANSFER TAX

The Land Transfer Tax Act allows the Minister to accept security for the payment of taxes in any form that the Minister considers satisfactory (being a letter of credit or cash). A Letter of Credit must be drawn on an Ontario-based financial institution.

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Title IRREVOCABLE STANDBY LETTER OF CREDIT - LAND TRANSFER TAX
Description The Land Transfer Tax Act allows the Minister to accept security for the payment of taxes in any form that the Minister considers satisfactory (being a letter of credit or cash). A Letter of Credit must be drawn on an Ontario-based financial institution.