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December 13, 2007
ONTARIO EXPANDS LAND TRANSFER TAX REFUND PROGRAM
First-time buyers of resale homes to benefit from new tax
measure
The
Provincial government is giving
all first-time homebuyers a break on land transfer tax by
proposing to expand the Land Transfer Tax Refund Program to
include purchases of resale homes, Finance Minister Dwight
Duncan announced today.
"Expanding
this Land Transfer Tax refund is an important part of our
government's commitment to helping Ontarians buying their
first home," Duncan said.
Effective
midnight tonight, first-time buyers of resale homes, as well
as newly constructed homes, would be eligible for a refund
from the provincial government of up to $2,000 of the Land
Transfer Tax paid.
For more
information please visit:
http://www.gov.on.ca
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