Personal Finance

Ontario Land Transfer Tax Exemption/Rebate

  • Last Updated:
  • Nov 18th, 2014 5:32 pm
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Jr. Member
Apr 17, 2014
110 posts
13 upvotes
Toronto, ON

Ontario Land Transfer Tax Exemption/Rebate

If you are a first time home buyer you get an exemption exemption/rebate of the land transfer tax.
From my reading this only applies if this is your first home purchase worldwide, not just first home purchase in Canada.

My question to the forum is:
How would the government know if you have purchased a property overseas before?
What are the risk in claiming this exemption/rebate if you do have an overseas property?
1 reply
Jr. Member
Sep 15, 2013
118 posts
19 upvotes
Sault Ste. Marie
Don't commit tax fraud.

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