Land Transfer Tax FAQ

04 June 2014
REMAX Realtron Realty Inc

Do I have to pay Land Transfer Taxes when I buy a house / condominium? Are there any rebates of exemptions? What is I am a first-time buyer? LAND TRANSFER TAX RULES Generally speaking, the Ontario Land Transfer Tax Act and the Municipal Land Transfer Tax Act of Toronto provide that buyers are obligated to pay a land transfer tax upon the purchase of a property and the amount of the tax is based upon what is called “the value ...