First-time home buyers are now eligible to get $4,000 off the Canadian dream and we want to share this important information with you.
New Ontario LTT Rebate:
Effective January 1st, 2017, Ontario has doubled the land transfer tax rebate for first-time home buyers from $2,000 to $4,000. That means that a first-time home buyer will not be paying provincial tax on homes sold for $368,000 or less.
Ontario REALTORS® lobbied hard for the improved rebate and we're very proud to share it with first time home buyers.
To help you understand more about the LTT rebate, visit: www.FirstTimeRebate.ca. This website includes an informative video and calculator that can help you figure out how much tax relief you can claim on your first home.
Realtors® and the Canadian Dream As REALTORS®, we know home ownership is part of the Canadian Dream. It's a source of financial security, drives economic activity and binds communities together. The benefits of home ownership are why we work so hard to protect it and make it our mission to help families.
For more information on the LTT Rebate and how this will help you, call us at 613-830-3350. The Dicaire Home Team would be happy to discuss this with you.