Can I get land transfer tax rebates as a first-time buyer?
Shocking, Simple Answer: Can you claim land transfer tax rebates as a first-time buyer and save thousands right now?
Quick answer
Yes — most first-time home buyers in Ontario (and many other provinces) can claim land transfer tax rebates. These refunds cut the upfront closing cost of buying a home. If you’re in Toronto, you may qualify for both the provincial rebate and the City of Toronto rebate. That can mean thousands back in your pocket.
Why this matters
Land transfer tax is a one-time fee when ownership changes hands. It’s usually paid at closing and can add a large unexpected cost. A rebate reduces that cost immediately, improves cash flow, and lowers the barrier to buying your first home.
Who qualifies (simple checklist)
- You and any spouse must be first-time buyers — neither of you previously owned a home anywhere.\
- You must be 18 or older.\
- The property must be residential and intended as your principal residence within 9 months of closing.\
- The purchase cannot be through a corporation or for resale investment.
Note: Rules vary by province and city. Toronto offers a municipal rebate with its own rules that mirror the provincial test.
How much can you save
- Provincial refund (Ontario): up to $4,000 (amounts and thresholds change; check current numbers).\
- City of Toronto municipal refund: up to approximately $4,475.\
Combined, you can eliminate or dramatically reduce the land transfer tax on many entry-level homes.
How to claim (fast steps)
- Tell your lawyer or notary at offer/closing that you are claiming the first-time buyer rebate.\
- Complete the required rebate forms and affidavits at closing.\
- Submit any additional provincial or municipal applications if required.\
- Keep proof you will occupy the property (utility bills, driver’s licence address) in case of review.
Many buyers miss the rebate because they don’t ask their lawyer to claim it at closing. Don’t make that mistake.
Common pitfalls to avoid
- Assuming joint ownership with a non-first-time buyer disqualifies you.\
- Using a corporation to buy the property.\
- Failing to occupy the home within the required period.
Local expertise matters
Rules change. Forms differ by municipality. Small mistakes can delay or deny a rebate. That’s why working with an experienced local realtor and closing team saves time and money.
If you want a fast eligibility check and step-by-step help to claim every dollar you qualify for, contact Tony Sousa. He’s a local Realtor who handles first-time buyer programs daily and will ensure the rebate is claimed correctly at closing.
Contact: tony@sousasells.ca | 416-477-2620 | https://www.sousasells.ca
Want a quick eligibility review? Email Tony the property address and closing date — he’ll tell you exactly how much you can expect back.
