Land Transfer Tax refund
Province Proposes New Initiatives to Improve Housing Affordability
Charles Sousa, Minister of Finance, along with Chris Ballard, Minister of Housing have highlighted a propsal.
If passed, the proposal would mean that no Land Transfer Tax would be payable on the first $368,000 of the cost of a first home, and more than half of first-time homebuyers would pay no Land Transfer Tax on the purchase of their home. Read more at https://news.ontario.ca/mof/en/2016/11/help-on-the-way-for-first-time-homebuyers.html