How It Works

First-time buyers of new and re-sale homes are eligible for rebates on provincial and Toronto land transfer taxes. The maximum that first-time home buyers can receive for provincial land transfer tax (LTT) is $2,000 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 buyer can receive for the provincial LTT is $2,000. For re-sale homes, the provincial rebate only applies to first-time buyers who entered into Agreements of Purchase and Sale after December 13, 2007.

Toronto LTT is payable only for properties in the City of Toronto. The maximum a first-time home buyer can receive is $3,725. The Toronto LTT rebates are in addition to any provincial LTT rebate the buyer qualifies for.

The buyer is considered to be a first-time buyer for the provincial and Toronto LTT if they are at least 18 years of age and must not have previously owned a home anywhere in the world at anytime. If a spouse is involved, the spouse cannot have owned a home or had any ownership interest in a home while he/she was the purchaser’s spouse.

Find Your Dream Home

Keep up-to-date with the latest homes that meet your criteria by entering it below:
$
$

Trusted Real Estate Services

As your personal guide and trustworthy agent, I strive to give you the best of the best.
View Trusted and Experienced Home Buyer Services

Home Buying

In the years that I have spent in the industry, homebuyers have always asked me, โ€œWhat do I need to do to buy a house?โ€ I have composed a step-by-step guide that organizes the buying process to make buying a house simple and fun!

View Trusted and Experienced Home Seller Services

Home Selling

Your satisfaction and happiness is something that is very important. I understand how hectic it is to sell a house and it can be difficult if itโ€™s not handled properly. To help you through the entire process, I have put together five simple steps.