Land Transfer Tax Rebate

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

Region Ontario Toronto British Columbia Prince Edward Island
Maximum rebate $4,000 $3,7251 $7,500 $2,000
Rebate will cover LTT to a maximum home value of $368,250 $400,000 $475,000 $200,000
Partial refund available? 50% refund if spouse does not qualify 50% refund if spouse does not qualify Partial refund for homes valued between $475,001 - $499,999 No

First-Time Home Buyer Education Topics

References and Notes

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