Land Transfer Tax Rebate

Written by an Expert

What is Land Transfer Tax Rebate (LTT)?

Land Transfer Tax (LTT) is one of the most expensive and overlooked closing costs. To help offset this cost, first-time buyers in some provinces and cities are eligible to receive a Land Transfer Tax Rebate. The Land Transfer Tax Rebate amount and requirement is different in each province.

If you are buying in Ontario, you are eligible to receive a full or part refund of the tax paid. The maximum amount refunded is $2,000.

To be qualified for a land transfer tax in Ontario:

  • At least 18 years old
  • Occupy the home as your principal residence within nine months of the date of transfer
  • You and your spouse, cannot have owned an eligible home anywhere in the world

You can apply for the refund within 18 months after the date of the transfer.

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