Loading...
img

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. 

Land Transfer Calculator

Asking Price

Go
 STEP 1
Enter the price of the home you're interested in and press GO.
Land Transfer Tax: $-
 
STEP 4
If necessary, update your profile to calculate land transfer tax.
Profile
Provincial:        Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province. plus
Municipal:
+Section
  • 100

  • 25/75

  • 75/25

  • 50/50

  • 33/33/33

  • 25/25/25/25

  • Separator

  • Space

x
x
+Content

Heading

Custom Content

Listings Showcase

Sold Listings

Listings
Search Bar

Image

Buttons

Icons

Slider

Forms

Video

Testimonials

Blog Post

Map

Calculators

Contact Information

Social Connect

Team Roster

iFrame

Custom HTML

Separator

Space