Land Transfer Tax Rebate Program Extended

Land Transfer Tax Rebate Program Extended

In January, we reported to you that the government of Ontario had introduced legislation that would extend the Land Transfer Tax Rebate program to first-time home buyers who purchased resale homes on or after December 13, 2007. This rebate (up to $2,000) was previously only available to first-time buyers who purchased newly built homes.

It is our pleasure to announce that the new legislation came into force on May 14, 2008. All eligible first-time home buyers may now claim this refund upon registration by submitting the Ontario Land Transfer Tax Refund Affadavit for First-Time Purchasers of Eligible Homes (Resale) to the Ontario Ministry of Revenue. A PDF of the affidavit is available for download here.
Stephen George

Stephen George

REALTOR®
CENTURY 21 Action Power Team Ltd., Brokerage*
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