Did you know that First Time Home Buyers of New or Re-Sale Homes are eligible for a refund?

The maximum provincial Land Transfer Tax (LTT) refund for First Time Home Buyers is $2000.00

So who exactly is eligible?

To be eligible as a first-time buyer for the provincial LTT rebate:

•The purchaser must be at least 18 years of age.
•The purchaser must occupy the home as his or her principal residence no later than nine months after the date of the conveyance or disposition.
•The purchaser cannot have previously owned a home, or had any ownership interest in a home, anywhere in the world, at any time.
•If the purchaser has a spouse, the spouse cannot have owned a home, or had any ownership interest in a home, anywhere in the world while he or she was the purchaser’s spouse. If this is the case, NO refund is available to either spouse. Note: If a purchaser’s spouse owned an interest in a home BEFORE becoming the purchaser’s spouse, but not while the purchaser’s spouse, the purchaser may be eligible for some rebate.

For more information on the program click here.

OR to calculate your Land Transfer Tax click here.