By: Amanda King

First Time Buyers & the Land Transfer Tax Incentive

Tags: buying a home toronto durham

"First-time buyers may be eligible for a rebate of the provincial and municipal (Toronto) land transfer taxes, to a maximum of $4,000 of the payable provincial land transfer tax and $4,475 of the payable municipal land transfer tax (Toronto), respectively. For more details on first-time buyer rebate rules and eligibility, visit the Ministry of Finance web site (provincial LTT) and the City of Toronto web site (municipal LTT)" Source, Treb

Links to Online Calculators:

http://trreb.ca/index.php/buying/calculators/residential

http://www.amandakinghomes.com/buyers/calculators/