Land Transfer Tax Rebate For Eligible 1st Time Buyers
*up to a maximum rebate amounts of $2,000 and or $3,725*
E x p l a n a t i o n (PLTT) & (MLTT)
"First Time Buyer"
*Rebate/Credit amount for Provincial and Municipal Land Transfer Tax in Ontario*
||Property that is Located in Ontario: If you are purchasing a property in Ontario and satisfy the provincial Government criteria you will receive a credit up to $2,000.00 off your Ontario Land Transfer Tax
|| Property Located in Toronto: If you are purchasing a property in Ontario within Toronto city limits and satisfy the Municipal Government criteria you will receive a credit up to $3,725.00 off your Toronto Land Transfer Tax. As well as stated above, up to $2,000 credit off your Ontario Land Transfer Tax.
* Tax Rebate is only available to buyers who pass the Provincial and Municipal requirements of the 1st Time Buyers or Seniors Rebate Programs.
Please see Scottage Group's tab "BUYING YOUR HOME" on how to calculate Land Transfer Tax.