Land Transfer Tax applies to all transfers of land in Ontario.

First-time homebuyers may be eligible for a refund of all or part of the tax.

• For agreements of purchase and sale entered into before December 14, 2007, the refund only applies on the purchase of a newly constructed home.
• For agreements of purchase and sale entered into after December 13, 2007, the refund applies to all homes, whether newly constructed or resale.

How much is the Refund?

The maximum amount of the refund is $2,000. If the refund is claimed at time of registration, it may offset the land transfer tax ordinarily payable. If not claimed at registration, the refund may be claimed directly from the Ministry of Revenue. No interest is paid on this refund.

How Do I Apply?

Qualifying taxpayers may claim an immediate refund at time of registration.

What is the application deadline?

• Applications for a refund must be made within 18 months after the date of the transfer.

For more information speak to your lawyer or visit Ministry of Revenue at www.rev.gov.on.ca (Refunds & Rebates)