Land Transfer Tax Refund Program Expanded to Include First-time Buyers of Resale Homes

In an effort to help more Ontarians buy their first home, the Ontario government recently announced the expansion of the Land Transfer Tax Refund Program to include purchases of resale homes.

Effective, December 13, 2007, first-time buyers of resales 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.

"Expanding this Land Transfer Tax refund is an important part of our government's commitment to helping Ontarians buying their first home," said Finance Minister Dwight Duncan.

For more information on this program, visit: http://www.fin.gov.on.ca/

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