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The first-time home purchase rebate applies to:

  • newly constructed
  • resale residential properties

The rebate does not apply to:

  • commercial, industrial or multi-residential properties

Prior to March 1, 2017

For conveyances and dispositions of beneficial interest in land of an eligible home prior to March 1, 2017, and a rebate of up to $3,725.00. The definition of a first-time purchaser is:

  • the purchaser is at least 18 years of age
  • the purchaser must occupy the home as their principal residence no later than nine months after the date of the conveyance or disposition
  • the purchaser cannot have previously owned a home, or had any ownership interest in a home, anywhere in the world, at any time
  • if the purchaser has a spouse, the spouse cannot have owned a home, nor had any ownership interest in a home, anywhere in the world while they were the purchaser’s spouse

On or After March 1, 2017

For conveyances and dispositions of beneficial interest in land of an eligible home on or after March 1, 2017, and a rebate of up to $4,475.00. The definition of a first-time purchaser includes all of the above, and:

  • the purchaser is a Canadian citizen or permanent resident of Canada. If the purchaser becomes a Canadian citizen or permanent resident within 18 months of the transfer, they may apply for and may qualify for the rebate.


Ontario Land Transfer Tax:

  • 0.5% of the value of the property up to and including $55,000
  • 1% of the value which exceeds $55,000 up to and including $250,000
  • 1.5% of the value which exceeds $250,000 up to and including $400,000
  • 2% of the value between $400,000 and $2,000,000
  • 2.5% for amounts exceeding $2,000,000, where the land contains one or two single family residences

Toronto Land Transfer Tax:

  • 0.5% up to and including the first $55,000
  • 1% of the value which exceeds $55,000 up to and including $250,000
  • 1.5% of the value between $250,000 and $400,000
  • 2% of the value between $400,000 and $2,000,000
  • 2.5% of the value over $2,000,000

TREB online Land Transfer Calculator: http://www.trebhome.com/index.php/buying/calculators