Land Transfer Tax

Land Transfer Tax is a tax paid to the Ontario Provincial Government and for those purchasing property located within the Municipality of Toronto a second land transfer tax is applicable upon the transferring of the property from the seller to the buyer. It is a one-time tax paid by the purchaser and is based on the purchase price of the property and whether the purchasers are first time home buyers as defined below.

To claim this refund, a purchaser must be a first-time home buyer as defined, that is, an individual:

• who is a least 18 years old;
• who has never owned an eligible home anywhere in the world; and
• whose spouse has not owned an eligible home anywhere in the world while he or she was a spouse of the individual. 

Maximum exemption for the Province of Ontario is $2,000.00 and maximum exemption for the Municipality of Toronto is $3,725.00.

Contact our customer service department for further information.

1-877-219-9618 ext. 231