Land Transfer Tax (LTT) Rebate Program

First Time Home Buyers of New or Re-Sale Homes are eligible for a refund. The maximum provincial Land Transfer Tax (LTT) refund for First Time Home Buyers is $2000.

• The purchaser must be at least 18 years of age.
• The purchaser must occupy the home as his or her principal residence no later than nine months after the date of the conveyance or disposition.
• The purchaser cannot have previously owned a home, or had any ownership interest in a home, anywhere in the world, at any time.
• If the purchaser has a spouse, the spouse cannot have owned a home, or had any ownership interest in a home, anywhere in the world while he or she was the purchaser’s spouse. If this is the case, NO refund is available to either spouse. Note: If a purchaser’s spouse owned an interest in a home BEFORE becoming the purchaser’s spouse, but not while the purchaser’s spouse, the purchaser may be eligible for some rebate.

Land Transfer Tax Calculation for Residential Properties:

• 0.5% on the first $55,000 of the purchase price, plus
• 1.0% of the amount of the purchase price between $55,000 - $250,000, plus
• 1.5% of the amount of the purchase price between $250,000 - $400,000, plus
• 2.0% of the amount of the purchase price above $400,000

For more information on the First Time Home Buyer Land Transfer Tax please click here and for Land Transfer Tax Calculation please click here.