On December 13, 2007, proposed amendments to the Land Transfer Tax Act were announced in the 2007 Ontario Economic Outlook and Fiscal Review. The proposed amendments must be passed by the Legislature and receive Royal Assent to become law. This provides general information. It is not exhaustive and should not be considered as a substitute for the legislation.
It is proposed that the Land Transfer Tax Refund Program for First-Time Homebuyers be expanded to include purchases of resale homes. The maximum refund would be $2000.00
This proposal to include resale homes would be effective for agreements of purchase and sale entered into AFTER December 13, 2007
Please contact me by email or page me throught the office at 905-646-2121 for full details regarding this proposed rebate!
THANKS FOR VISITING!