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Land Transfer Tax Refund

Land Transfer Tax is based upon the price of the home net of the G.S.T., and it is payable on the closing date.  However, a Land Transfer Tax refund of up to $2,000.00 (or up to $1,725.00 if your agreement was signed before March 31, 1999) on the closing date is available if you meet the following qualifications:

Conditions of Land Transfer Tax Refund:

  1. You are at least 18 years old.
  2. You are a first time buyer of a newly constructed house or condominium registered with the Ontario New Home Warranty Program:
    • A new condominium converted from an old building does not qualify.
    • You and/or your spouse (including common law spouses) cannot have owned an interest in a home anywhere in the world during your marriage.
    • If your spouse owned a home and sold it before you married, you may still qualify for a refund.

  3. You have never received an Ontario Home Ownership Savings Plan based refund of land transfer tax.
  4. Your agreement was signed after May 8, 1996.
  5. You will be using the home as your principal residence

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