Mahdi Mahdizadeh

Real Estate Broker

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Land Transfer Tax Rebates

First-time buyers of new and re-sale homes are eligible for rebates on provincial and Toronto land transfer taxes. Toronto LTT is payable only for properties in the City of Toronto.Maximum Toronto LTT first-time buyer rebate is $3,725 (equivalent to the Toronto LTT payable on a $400,000 property). ANY purchaser who entered into an Agreement of Purchase and Sale prior to December 31, 2007 is eligible for a FULL rebate of the Toronto LTT. Toronto LTT rebates are in addition to any provincial LTT rebate that the buyer qualifies for.
0.5% of the amount of the purchase price up to and including $55,000, plus o 1% of the amount of the purchase price between $55,000 and $400,000, plus o 2% of the amount of the purchase price above $400,000

Mahdi Mahdizadeh
Real Estate on HomeLife/Bayview
505 Hwy.#7E.,#201Thornhill, Ontario
L3T 7T1

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Contact Info
Cell: 416-832-0202
Office: 905-889-2200
Email: arealtor@rogers.com
Email: info@mahdimahdizadeh.com

 

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