When you decide to purchase a home one of the costs you agent should discuss with you is Land transfer tax. If you are a first time buyer there are rebates that you can take advantage of.
-Provincial land transfer tax is payable anywhere is Ontario
-Maximum provincial land transfer tax rebate for first time buyers is $2,000
-Toronto land transfer tax is payable ONLY for properties in the city of Toronto
-Maximum Toronto land transfer tax rebate for first time buyers is $3,725
-Toronto land transfer tax rebates are in addition to any provincial rebates
If you have any other question about the land transfer tax or any other costs you can always drop us a line at: info@house-connect.ca or simply fill out the form below.
