Transfer Tax Refunds
If you purchase land or an interest in land, you may be entitled to a refund of a Provincial Land Transfer tax.
In Ontario, qualified first-time home buyers may be entitled to a refund of a provincial Land Transfer Tax up to a maximum of $2,000 or a home priced up to $227,500. There is also a first-time buyers refund for homes purchased in the City of Toronto.
In British Columbia, qualified first-time buyers may receive a refund of Property Transfer Tax on homes valued up to $425,000.
For more information, talk to your mortgage professional or visit: