Land Transfer Tax Rebate
Gianpiero (GP) Di Palma and his team of qualified and professional real estate agents service areas include: All of Toronto and the GTA, Peel Region, Halton Region, Hamilton, Durham Region, York Region, Wellington County, Brant County, Niagara Region, Waterloo Region, Grey County, Dufferin County, Simcoe County, Simcoe Region, Kawartha Lakes, Peterborough County, Nipissing District, Muskoka Region, and others. Neighbourhoods & communities we serve: Ajax, Alderwood, Alliston, Ancaster, Angus, Annex, Armour Heights, Aurora, Barrie, Bayview Village, Beamsville, Beaverton, Binbrook, Bloor West Village, Bolton, Bond Head, Bracebridge, Bradford, Bridal Path, Brock, Burlington, Caledon, Tottenham, Beeton, Bond Head, Caledonia, Cannington, Casa Loma, Chinatown, Churchill Meadows, Clarkson, Clanton Park, Cobourg, Collingwood, Concord, Cooksville, Credit Mills, Credit Pointe, Creditview, Danforth Village, Don Mills, Don Valley Village, Downsview, Dundas, East Credit, East York, Elora, Erin, Erin Mills, Essa, Etobicoke, Fairview, Fergus, Forest Hill, Georgetown, Georgina, Grand Valley, Gravenhurst, Grimsby, Guildwood, Guelph, Halton Hills, Hamilton, Harbourfront, High Park, Hoggs Hollow, Horseshoe Valley, Hurontario, Huntsville, Innisfil, Keswick, King, King City, Kleinburg, Lakeview, Lawrence Manor, Lawrence Park, Leaside, Leslieville, Liberty Village, Lincoln, Lisgar, Little Italy, Little Portugal, Long Branch, Lorne Park, Loretto, Maple, Markham, Markland Wood, Meadowvale, Meadowvale Village, Midhurst, Midland, Millbrook, Mimico, Mineola, Mississauga Rd, Mississauga Valleys, Moore Park, Mount Dennis, Muskoka, New Toronto, Newmarket, Niagara Falls, Niagara-on-the-Lake, Nobleton, North Toronto, North York, Oak Ridges, Oakville, Orangeville, Orillia, Oro-Medonte, Oshawa, Parkdale, Penetanguishene, Pickering, Port Credit, Port Hope, Port Perry, Puslinch, Ramara, Rathwood, Richmond Hill, Riverdale, Roncesvalles, Rosedale, Rattray Marsh, Scarborough, Schomberg, Shelburne, Sheridan, Smithville, South Riverdale, Springwater, St. Catharines, St. Lawrence Market, Stayner, Stoney Creek, Streetsville, Sunnyside, Swansea, The Beaches, The Junction, The Kingsway, The Queensway, Thornhill, Tiny, Tottenham, Trinity Bellwoods, Vaughan, Wasaga Beach, Welland, Weston Village, Whitby, Whitchurch-Stouffville, Willowdale, Woodbridge, York, York Mills, Yorkville.
384 Winfield Terrace, Mississauga, Ontario, L5R 1N8
Main Office: 800-704-2334
Fax: 416-987-4920
Email: newworld2000realty@gmail.com
Gianpiero (GP) Di Palma
New World 2000 Realty Inc. Brokerage Broker of Record
3149 15th Sideroad, Beeton, Ontario L0G 1A0
Direct: 416-417-8790
Office: 647-951-7355
Main Office: 800-704-2334
Email: gpdipalma@gmail.com
First-time buyers of new and re-sale homes are eligible for rebates on provincial and Toronto land transfer taxes. The maximum that first-time home buyers can receive for provincial land transfer tax (LTT) is $2,000 and for the Toronto LTT its $3,725.
The provincial LTT is payable anywhere in Ontario, including Toronto. As mentioned before, the maximum that a first-time buyer can receive for the provincial LTT is $2,000. For re-sale homes, the provincial rebate only applies to first-time buyers who entered into Agreements of Purchase and Sale after December 13, 2007.
Toronto LTT is payable only for properties in the City of Toronto. The maximum a first-time home buyer can receive is $3,725. The Toronto LTT rebates are in addition to any provincial LTT rebate the buyer qualifies for.
The buyer is considered to be a first-time buyer for the provincial and Toronto LTT if they are at least 18 years of age and must not have previously owned a home anywhere in the world at anytime. If a spouse is involved, the spouse cannot have owned a home or had any ownership interest in a home while he/she was the purchaser's spouse.
