First Time Homebuyers Rebates

Are You a First Time Homebuyer?

To qualify for the instant first time homebuyer rebates for the Ontario/Toronto Land Transfer Tax the following must apply:

The purchaser must be at least 18 years of age.
Application for the refund must be made within 18 months after the date of the conveyance or disposition. Real Estate Lawyers.ca LLP gets their qualifying clients the instant rebate.
The purchaser must occupy the home as his or her principal residence within 9 months of the date of closing.
The purchaser cannot have owned a home or had any ownership interest in a home, anywhere in the world.
A spouse of the purchaser cannot have owned a home or had any ownership interest in a home, anywhere in the world while he or she was the purchaser’s spouse.

Toronto Land Transfer Tax Rebate:

Grand-Fathering
The Agreement of Purchase & Sale was executed on or before December 31, 2007 and the closing date is on or after February 1, 2008. In this case you will be eligible for a full rebate.

How Much Rebate Do First Time Homebuyers Qualify For?

Property Located in ONTARIO:

If you are purchasing a property in Ontario and satisfy the above criteria you will receive up to $2,000.00 off your Ontario Land Transfer Tax.

Property Located in TORONTO:

If you are purchasing a property in Ontario and within the City limits of Toronto and satisfy the above criteria you will receive up to $3,725.00 off your Toronto Land Transfer Tax and up to $2,000.00 off your Ontario Land Transfer Tax.

First Time Homebuyers Rebates

Are You a First Time Homebuyer?

How Much Rebate Do First Time Homebuyers Qualify For?

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