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: 

  1. 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.
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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: 

  1. 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.
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