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28
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9
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Salvatore Giancola
  • Rental Property Investor
  • Alliston Ontario, Canada
9
Votes |
28
Posts

Land transfer tax in Ontario

Salvatore Giancola
  • Rental Property Investor
  • Alliston Ontario, Canada
Posted

I currently own 2 rental properties.

When I purchased them I had to pay the land transfer tax. Because they are investment properties I did not get this credited back to me.

My fiancée and I are buying our first primary residence home, and I was informed that we would have to pay $4000, and my fiancée would get $2000 back. But because I own a home already I will not get anything back.

Also if we were to get married before we close on the home, she would not be able to get any money back either.

Does anyone know if this is correct or advise who I should ask.

Thank you

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