Land Transfer Tax Rebate

Eligibility and Conditions for the Land Transfer Tax Rebate

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As a premier legal partner, TDJ Law is pleased to share with you an opportunity to save as a first-time homebuyer. You could be eligible for a Land Transfer Tax Rebate of up to $2,000. Key eligibility criteria include:

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• Minimum age of 18 years.
• No previous ownership of an eligible home, anywhere globally.
• The purchased property must serve as your primary residence.
• Newly built homes must be eligible for the Tarion New Home Warranty.
• Spouse, if any, must not have previously owned an eligible home.
• Application for rebate must be within 18 months of the home purchase closing date if not claimed at the time of purchase.

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For rebate purposes, a spouse can be a legally wedded partner or a person in a common-law relationship. In the absence of a spousal relationship, a first-time homebuyer can claim a proportional rebate based on their share in the property.

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Process to Get the Land Transfer Tax Rebate

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Your lawyer will manage the paperwork during your home purchase to qualify you for the rebate, which will reduce your closing costs.

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In case the rebate was not applied at closing, you can apply for a refund by submitting necessary documents, including the Land Transfer Tax Rebate Affidavit, registered land transfer/deed, proof of tax payment, docket summary, agreement of purchase and sale, statement of adjustments, and proof of occupancy, directly to the Ministry of Finance.