Land Transfer Tax (LTT) Rebate
First-time buyers of newly constructed homes and resale homes may receive a refund of land transfer tax up to a maximum of $2,000.
Only individuals who are at least 18 years of age, have not owned an interest in a home anywhere in the world and whose spouse has not owned an interest in a home anywhere in the world while he or she was a spouse of the individual, qualify as first time buyers.
The purchaser must occupy the home as his or her principal residence no later than nine months after the date the property is transferred to his or her possession.
For more information, contact the Ontario Ministry of Revenue at 1-800-263-7965