Land Transfer Tax Rebate

Some purchasers of property in Ontario may be eligible for a Land Transfer Tax Rebate.

This page is designed to help you identify if you might be eligible for a rebate, and how much you could save.

Depending on the province you live in, you may be eligible for a rebate on a portion or all of the land transfer tax you pay when purchasing a home.

Ontario Land Transfer Tax Rebate

First time homebuyers in Ontario may qualify for a Land Transfer Tax rebate of up to $4,000. Based on the Ontario Land Transfer Tax rates, this could mean you are eligible for a full refund if the home you are purchasing is less than or equal to $368,333.

There are some stipulations that determine your eligibility:

  • Citizen of Canada or Canadian Permanent Resident
  • At least 18 years of age
  • Occupy the home personally within 9 months of its purchase
  • Never owned a home
  • Your spouse (if applicable) can never have owned a home as long as they have been your spouse.
    • In the event that your spouse does not qualify, you can still be eligible for up to 50% of the rebate

It is important to ensure that you apply for the rebate within 18 months of the transfer of property. ReaLawState’s expert team can assist you with determining your eligiblity and help you with applying for the rebate. These services are all included in the commission you would normally pay. Contact Us today to have any of your questions answered.

Toronto Land Transfer Tax Rebate

In Addition to the Ontario Rebate, you may qualify for a rebate of the Toronto LTT, if such is applicable. For First time home buyers, the Toronto Land Transfer Tax Rebate is a maximum of $4,475. Given the current Land Transfer Tax Rates, this could mean you are eligible for a full rebate of Land Transfer Tax if the value of your home is less than or equal to $400,000.

The same stipulations apply to the Toronto Rebate, as with the Ontario Land Transfer Tax Rebate:

  • Citizen of Canada or Canadian Permanent Resident
  • At least 18 years of age
  • Occupy the home personally within 9 months of its purchase
  • Never owned a home
  • Your spouse (if applicable) can never have owned a home as long as they have been your spouse.
    • In the event that your spouse does not qualify, you can still be eligible for up to 50% of the rebate

ReaLawState’s LTT Calculator can assist with determining the total amount of Land Transfer Tax payable on your property. In addition to these, First Time Homebuyers may be eligible for other rebates. Our Blog Post on this topic explains this in detail.

If you have specific questions regarding your eligibility for rebates, or how to apply, contact us.