FIRST TIME HOMEBUYER ONTARIO
A first time home buyer is entitled to receive a discount on the Land Transfer Tax they have to pay.
HOW DO I QUALIFY FOR THE FIRST TIME HOME BUYER REBATE?
Simple, you must be a first time homebuyer and planning on living at the property and using it as a family residence.
WHO IS ELIGBLE FOR THE REBATE IF TWO PEOPLE ARE BUYING THE PROPERTY?
For example, if a married couple is purchasing a home and one of the parties is a first time homebuyer, that party will be eligible for a portion of the rebate.
HOW DO I RECEIVE THE REBATE?
For the most part people will receive the rebate at the time of the purchase. Your Real Estate Lawyer will apply for the rebate using an on-line government portal.
LAND TRANSFER TAX REFUNDS FOR FIRST-TIME HOMEBUYERS
You may also visit the Ministry of Ontario's official page on the topic entitled: Land Transfer Tax Refunds for First-Time Homebuyers
WHAT DOCUMENTS DO I HAVE TO COMPLETE?
Your real estate lawyer will make you swear an Affidavit with respect to your claim for the rebate.
I NEED A REAL ESTATE LAWYER
If you need a real estate lawyer call or text my office at 416-505-4901 or you can also email me at ray@ray.eproshikkhonacademy.com
