What is Land Transfer Tax?
When you purchase a property in Ontario, it is mandated to pay a provincial tax, that being a percentage of the properties purchase price.
This transaction is handled by your lawyer on closing.
We can calculate the amount for you to budget.
If you are a first time home buyer, you will be eligible to receive a rebate on a portion of the amount up to $4,000, which may cover the whole cost.
You cannot have owned property anywhere in the world previously to quality.