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Land Transfer Tax Rebate

In some provinces and cities, there is a rebate available to help first time home buyers offset the cost of their land transfer tax. If you qualify, land transfer tax rebates are available to first time home buyers in the provinces of Ontario, British Columbia, and Prince Edward Island. There is also a land transfer tax rebate available for first time home buyers in the city of Toronto. Here’s how each province and city’s rebate works:

RegionOntarioTorontoBritish ColumbiaPrince Edward Island
Maximum rebate$4,000$4,4751$8,000$2,000
Rebate will cover LTT to a maximum home value of$368,333$400,000$500,000$200,000
Partial refund available?50% refund if spouse does not qualify50% refund if spouse does not qualifyPartial refund for homes valued between $500,001 - $524,999No

Ontario Land Transfer Tax Rebate


Toronto Land Transfer Tax Rebate


British Columbia Land Transfer Tax Rebate


Prince Edward Island Land Transfer Tax Rebate


 

References and Notes

  1. The Toronto rebate can be claimed in addition to the Ontario rebate.

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