faq

FAQ

Most frequent questions and answers

I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar leo.

I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, adipiscing elit. Ut elit tellus, luctus nec mattis, pulvinar dapibus leo.

I am item content. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus ullamcorper mattis, pulvinar dapibus leo.

The Ontario land transfer tax refund is equal to the full value of the land transfer tax up to a maximum of $4,000

Eligibility

  • The buyer must be a Canadian citizen or permanent resident of Canada
  • The buyer must be older than 18 years
  • The buyer must occupy the home within nine months of purchase
  • The buyer cannot have owned a home anywhere in the world
  • The buyer’s spouse cannot have owned a home while being your spouse

Based on Ontario land transfer tax rates, the refund will cover the fully taxed amount on houses up to $368,333. For houses over $368,333, homebuyers will receive the maximum $4,000 refund and have to pay the remaining LTT balance. To obtain this refund, you need to apply within 18 months after the purchase of the home.

LOCATIONS

  • 1111 Finch Ave West, Suite 300, North York ON M3J 2E5
  • 820 Markham Rd, Unit 3 Scarborough, ON M1H 2Y2
  • 416.242.7555

© 2017 De Sa Real Estate. All rights reserved.

Share this:

Like this:

Like Loading...
%d bloggers like this: