First-Time Home Buyer Tax Rebate

Land Transfer Tax Rebate as a First-Time Home Buyer

01.17.2020 | Buyer Programs

Access the Land Transfer Tax Rebate as a First-Time Home Buyer

When it comes to finalizing the purchase of a new home, there are a selection of related costs that may put pressure on your overall budget. These closing costs are typically surprising for first-time homebuyers, but there are resources available to you to lighten the financial burden.

Understanding the Land Transfer Tax Rebate

Whether you are purchasing a home in Brampton, Caledon, or anywhere else in the GTA, your lawyer will likely complete the appropriate tax statements in what is known as the electronic land registration system.

From there, your refund will be deducted automatically from the land transfer tax that you would otherwise be expected to pay (if it was not your first purchase). If this did not occur, you can still apply for the refund after the fact by submitting an application to the ministry consisting of the following…

Steps To Receive Your Land Transfer Tax Rebate

Here is what you need to submit:

  1. A completed land transfer tax refund affidavit for first-time homebuyers
  2. Copy of the registered conveyance
  3. Evidence of the amount of tax paid on registration
  4. Copy of the Agreement of Purchase and Sale (including all schedules and amendments)
  5. Copy of the Statement of Adjustments
  6. Copy of the Tarion new home warranty certificate (if applicable)

Need Help Along The Way?

If purchasing a home for the first time is intimidating, you need to partner with experts who can make the process seamless and successful. We’ll walk you through the steps, the resources, and the available programs to help ensure your budget is utilized effectively.

Reach out today to get the buying process started. We’d love to help.

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