{"id":3348,"date":"2022-12-20T18:57:51","date_gmt":"2022-12-20T18:57:51","guid":{"rendered":"https:\/\/dev.wahi.com\/ca\/en\/?p=3348"},"modified":"2025-04-07T16:16:58","modified_gmt":"2025-04-07T16:16:58","slug":"land-transfer-tax-rebates","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/land-transfer-tax-rebates","title":{"rendered":"Land Transfer Tax Rebates"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Buy” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjE2MzIifX0=@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”3rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”3.2rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”1px||1px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||10px|||” global_colors_info=”{}”]<\/p>\n

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Find out if you qualify for a land transfer tax rebate and the amount you could receive.<\/span><\/p>\n<\/div>\n<\/div>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.18rem” custom_margin=”||5px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]By Emily Southey<\/a> | 6 minute read[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||32px|||” global_colors_info=”{}”][\/et_pb_post_title][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _dynamic_attributes=”src” _module_preset=”default” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n

Qualifying for a land transfer tax rebate in Canada can save you money on your upcoming home purchase. Read on to learn more about how to qualify for one and how much you could receive.\u00a0<\/p>\n

–<\/span><\/p>\n

What Is a land transfer tax (LTT) rebate?<\/h2>\n

First things first \u2014 what is a land transfer tax (LTT), and what is a land transfer tax rebate? Land transfer tax, also referred to as property transfer tax (PTT), is a type of tax that most provinces and territories (with the exception of Alberta, Saskatchewan, Nunavut, and Yukon) collect. This tax is paid to the province or territory in which you reside. Certain municipalities, such as Toronto<\/a>, collect an additional municipal land transfer tax on top of the provincial LTT.\u00a0<\/p>\n

–<\/span><\/p>\n

In Ontario<\/a>, there is a multi-tiered system to calculate LTT. For example, on a $500,000 home in Ontario (located outside the municipality of Toronto), a 0.5% LTT is paid on the first $55,000, 1% on the next $195,000, 1.5% on the next 150,000, and 2% on the final $100,000. This equals an LTT of $6,475.\u00a0<\/p>\n

–<\/span><\/p>\n

As you can see in the example above, land transfer tax adds up quickly. And with so many other expenses that come with home ownership, it makes sense that homeowners want to reduce these costs as much as possible. There\u2019s where LTT rebates come in. One of the most effective ways of reducing how much you pay for a new home is by claiming land transfer tax rebates. Some cities and provinces, like both Toronto and Ontario, offer rebates to first-time homebuyers that allow you to earn some of the tax money back.<\/p>\n

–<\/span><\/p>\n

How to Qualify for a Land Transfer Tax Rebate<\/h2>\n

The qualifications for a land transfer tax rebate vary from province to province. First of all, you will only qualify for an LTT rebate if you live in Ontario, British Columbia, or Prince Edward Island. You may also qualify for an LTT rebate if you live in the municipality of Toronto.\u00a0<\/p>\n

–<\/span><\/p>\n

In most cases, to claim an LTT rebate, you must be a first-time homebuyer, meaning you\u2019ve never owned a property before. Therefore, this rebate can only be claimed once. We outline some of the other qualifications that must be met in each province or municipality below.<\/p>\n

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\u201cThe qualifications for a land transfer tax rebate vary from province to province. First of all, you will only qualify for an LTT rebate if you live in Ontario, British Columbia, or Prince Edward Island. You may also qualify for an LTT rebate if you live in the municipality of Toronto.\u201d<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]<\/p>\n

Ontario<\/b><\/h3>\n

Ontario\u2019s First-Time Home Buyer Incentive is a program run by the Government of Ontario that offers a land transfer tax refund of up to $4,000 to first-time homebuyers. It applies to resale homes, as well as new construction homes. To qualify for the province\u2019s First-Time Home Buyer Incentive, you must meet the following criteria:<\/p>\n

\u00a0–<\/span><\/p>\n

    \n
  • <\/span>You must be a first-time homebuyer who has not previously owned a home anywhere in the world;<\/li>\n
  • <\/span>Your spouse or common-law partner must also not have owned a home, and neither of you can have an interest or stake in a home;<\/li>\n
  • <\/span>You must be 18 years of age; and<\/li>\n
  • <\/span>You must be a Canadian citizen or a permanent resident.<\/li>\n<\/ul>\n

    \u00a0–<\/span><\/p>\n

    Those who are eligible can apply for the rebate within 18 months of the transfer date. As the maximum payout is $4,000, Ontario\u2019s First-Time Home Buyer tax rebate only covers the full amount of LTT for homes up to $363,333. For homes that cost more than this amount, the homeowner will be responsible for paying anything beyond the maximum ($4,000) rebate. It\u2019s also worth noting that if you are buying a house with a spouse who is not a first-time homebuyer, you may still be eligible for a partial rebate of 50% (to a maximum of $2,000).\u00a0<\/p>\n

    \u00a0–<\/span><\/p>\n

    Toronto<\/b><\/h3>\n

    As mentioned, the City of Toronto collects a municipal land transfer tax on top of the one that the provincial government collects. Thankfully, it also offers an LTT tax rebate to first-time homebuyers. Toronto\u2019s First-Time Home Buyer Incentive is a program that offers a rebate on the city\u2019s municipal land transfer tax to a maximum of $4,475. It is available to buyers who purchase new construction or resale residential properties. To qualify for the city\u2019s First-Time Home Buyer Incentive, you must meet the same requirements as Ontario\u2019s First-Time Home Buyer Incentive program, with the additional requirement that the property must be located in the municipality of Toronto. To reiterate, the qualifications for Toronto\u2019s First-Time Home Buyer Incentive are:<\/p>\n

    \u00a0–<\/span>\u00a0<\/p>\n

      \n
    • <\/span>You must be a first-time homebuyer who has not previously owned a home anywhere in the world;<\/li>\n
    • <\/span>Your spouse or common-law partner must also not have owned a home, and neither of you can have an interest or stake in a home;<\/li>\n
    • <\/span>You must be 18 years of age;\u00a0<\/li>\n
    • <\/span>Your property must be located in the municipality of Toronto; and<\/li>\n
    • <\/span>You must be a Canadian citizen or a permanent resident.<\/li>\n<\/ul>\n

      \u00a0–<\/span><\/p>\n

      It\u2019s important to note that Toronto\u2019s First-Time Home Buyer Incentive program and Ontario\u2019s First-Time Home Buyer Incentive program can be used in conjunction. Therefore, first-time buyers who purchase homes in Toronto can receive a rebate of up to $4,475 on their municipal land transfer tax and up to $4,000 on their provincial land transfer tax, for a total of $8,475 in savings.<\/p>\n

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