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Land Transfer Tax Information

Details about extending the Land Transfer Tax First-Time Home Buyers Refund to include Resale Homes

In Ontario Economic Outlook and Fiscal Review released on December 13, 2007 the Provincial Government proposed amendments to the Land Transfer Tax Act,  which when becoming law, would extend the Land Transfer Tax Refund Program for First-Time Homebuyers to include purchases of resale homes.

The maximum refund would be $2,000 and apply to Agreements of Purchase and Sale on resale home entered into after December 13, 2007.

See the government bulletin outlining details of the changes »

January 10, 2008 in Toronto Real Estate Taxes | Permalink

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