Same-Day Fee and Land Transfer Tax Withdrawal

Number: 18-07

Payments Canada is undertaking a multi-year initiative to modernize Canada’s payments system. On September 17th, the first part of this initiative went live with the introduction of same-day fund withdrawal. For those Teraview users who previously saw their funds withdrawn the next business day, please be advised that registration fees and land transfer tax will be electronically withdrawn from your Electronic Registration Bank Account (ERBA) the same day a registration occurs.

Please ensure that sufficient funds are available in your account the same day you register an Instrument in the system.