Opal  Hustins, ASA, AEA

Opal Hustins, ASA, AEA

Broker

ROYAL LEPAGE YOUR COMMUNITY REALTY

Mobile:
905-830-6606
Office:
905-476-4337
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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 pay no provincial tax on homes sold for $368,000 or less.

Ontario REALTORS® lobbied hard for the improved rebate and we're very proud to promote it to first-time buyers.

To help promote this new rebate, OREA has created a website www.FirstHomeRebate.ca with an informative video and calculator that can help you to figure out how much tax relief you can claim on your first home.

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