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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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