FAQ (Frequently Asked Question)

Am I eligible for the Land Transfer Tax Rebate?
Answer

This is a tax payable to the provincial government by the purchaser of a home upon the transfer of title. This is without a doubt the biggest fee that will be attached to your closing costs. It is calculated by taking your purchase price and multiplying it by defined percentages. First-time home buyers are eligible for the rebate – see this link here. https://www.fin.gov.on.ca/en/bulletins/ltt/1_2008.html#introduction