Save thousands on your first home purchase with the Land Transfer Tax Rebate for first-time homebuyers
The Land Transfer Tax Rebate is a program that helps first-time homebuyers reduce the cost of purchasing their first home. The rebate can significantly reduce or eliminate the land transfer tax you would normally pay on your purchase, putting thousands of dollars back in your pocket.
To qualify for the rebate, you must be at least 18 years old, a Canadian citizen or permanent resident, a first-time homebuyer, and planning to occupy the home as your principal residence within 9 months of purchase. For couples, at least one buyer must be a first-time homebuyer to qualify for a partial rebate.
The rebate amount varies by province and municipality. In Ontario, for example, first-time homebuyers can receive up to $4,000 in provincial land transfer tax rebates. Some municipalities, like Toronto, offer additional rebates on municipal land transfer tax, potentially doubling your savings.
The land transfer tax rebate is typically applied at the time of closing, reducing the amount of tax you need to pay upfront. Your real estate lawyer will handle the application process, ensuring you receive all eligible rebates. Our team will work with you and your lawyer to ensure a smooth process.
Receive up to $4,000 in provincial and municipal rebates
Couples buying together may qualify for increased rebates
Simple process handled during closing with your lawyer
Receive your rebate at the time of purchase
Full support in understanding and claiming your rebate
Available in various municipalities across Canada