| STEP 4 If necessary, update your profile to calculate land transfer tax. |
Provincial: | Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province. | plus | |
Municipal: | Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home. | plus | |
Rebate: | Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province. | minus | |
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Provincial: | Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province. | plus | |
Municipal: | Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home. | plus | |
Rebate: | Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province. | minus | |
*You will be required to pay a title transfer fee. |
STEP 4 If necessary, update your profile to calculate land transfer tax. |
Location | |
I am a first-time home buyer | |
I am buying a newly built home | |