On May 7, 2026, the provincial government introduced The Budget Implementation and Tax Statutes Amendment Act, 2026 (the “Bill”). If passed, it will result in significant changes to Manitoba’s land transfer tax (“LTT”) framework.
Closing the Beneficial Ownership Loophole
Under the current framework, LTT is payable when a land transfer form is registered with the Manitoba Land Titles Office, unless an exemption applies. LTT is not payable when beneficial ownership is transferred without a change in the land’s registered owner. The proposed amendments to The Tax Administration and Miscellaneous Taxes Act contained in the Bill will trigger LTT upon a change in the registered or beneficial owner of real property.
