Refund Program for First-Time Homebuyers
If you are a first-time homebuyer, you may be entitled to a refund of:
- the Ontario's Land Transfer Tax, up to a maximum of $2,000
- the Toronto Municipal Land Transfer Tax (MLTT) up to a maximum of $3,725.00
To be eligible, you must meet the following criteria:
- you must be at least 18 years old
- you must occupy the home as your principal residence within 9 months after the date of ownership
- you cannot have previously owned a home, or an interest in a home anywhere in the world; and
- your spouse cannot have owned a home, or an interest in a home, anywhere in the world while being your spouse
If your agreement of purchase and sale was executed by you on or before December 31, 2007 and the closing date is on or after February 1, 2008, you may be eligible for a full rebate of the Toronto Municipal Land Transfer Tax ("MLTT").
