NEW LAND TRANSFER TAX RULES FOR 2017
Did you know?
As a first time home buyer in Ontario you may be eligible for a refund of all or part of the land transfer tax. When you buy land or an interest in land in Ontario, you pay land transfer tax and this year the rules have changed-in your favor!
Here is what you need to know:
Beginning January 1, 2017, the maximum amount of the land transfer tax refund is $4,000. This amount has doubled as the maximum amount you would have received prior to 2017 was $2000.
*The increased limit only applies to closings that occurred on or after January 1, 2017.
If you are thinking of investing in Real Estate make sure you are aware of the benefits that you could be receiving. Contact us today to make sure you are not missing out! Lets find your dream home this year!
