Loading...

First-time home buyers are eligible for rebates on provincial and Toronto land transfer taxes. The maximum that a first-time home buyer can receive for provincial land transfer tax is $4,000 and for the Toronto LTT its $3,725.

The provincial LTT is payable anywhere in Ontario, including Toronto. As mentioned before, the maximum that a first-time home buyer can get for the provincial LTT is $4,000. Beginning January 1, 2017, no land transfer tax would be payable by qualifying first‑time purchasers on the first $368,000 of the value of the consideration for eligible homes. First‑time purchasers of homes greater than $368,000 would receive a maximum refund of $4,000

For more details visit Ontario Ministry of Finance website.

all rights reserved MLSlistingGTA,