“Expanding this Land Transfer Tax refund is an important part of our government’s commitment to helping Ontarians buying their first home.” Finance Minister Dwight Duncan announced.
Effective now first-time homebuyers are eligible for a refund from the provincial government of up to $2000 of the Land Transfer Tax paid. This new incentive is part of the new tax initiatives in the 2007 Fall Economic Outlook and Fiscal Review and is part of $1.4 billion in provincial tax relief for businesses and people over 3 years.
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