Increase in the Land Transfer Tax Rebate

Starting on January 1st of 2017, the Ontario government is increasing the Land Transfer Tax rebate for first-time homebuyers from $2,000 to $4,000. This effectively means that first-time homebuyers will not pay any land transfer tax on the first $368,000 of the purchase price of their home. 

Feel free to contact us if you have any questions about these new changes or require assistance with real estate buy or sell service in Ontario-Canada for your real estate deal.

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