menu

Ontario Tax Credit for the First Time Homebuyer

In the province of Ontario, when land is purchased, or an interest in land is purchased, a land transfer tax is paid as part of the purchase transaction. Where eligible, first-time homebuyers may apply for a refund of all, or part of the land transfer tax. This is an Ontario tax credit for the first time home buyer rebate, and is available as long as the eligibility requirements are fully satisfied.

To claim the Ontario first time home buyer rebate, the purchaser must be 18 years or older, and must NOT have owned a home (or interest in a home) anywhere. As well, a current spouse must NOT have owned a home (or interest in a home) while being a spouse. Any type of previous home ownership will disqualify the land transfer tax refund for first-time homebuyers.

Ontario first time home buyer rebate

Importantly, the method of acquiring a home isn’t relevant. A home can be purchased, gifted, or inherited. However, there are rules and regulations that govern the Ontario tax credit for the first time homebuyer, and these must be satisfied in order to qualify (claimants cannot re-qualify).

 

Like many other government initiatives, there are registration requirements, refund procedures, and application processes. The Ontario tax credit for the first time homebuyer is no different, and can sometimes get convoluted. In some cases, and depending on the purchase date of a property, some of the program rules and regulations can get downright confusing (and quite frustrating).

Applying for tax credits through Rebate4U

Applying for the Ontario first time home buyer rebate can sometimes be stressful. Like all government programs, there are application guidelines; there are qualification instructions; and there are strict claim deadlines. All of these can pose challenges for an average homeowner, even to the point of abandoning the refund. Worst still, an application that is filed late, or wrongly filed can be disqualified. This is a time when the experts at Rebate4U can be very advantageous.

With Rebate4U, in-house specialists help first time homebuyers to secure the highest possible tax credit possible. Our people have extensive experience with a range of provincial government programs, and have regular business dealings with various government agencies. With Rebate4U, first time homebuyers can be sure that all paperwork is properly submitted, and always on time.

Our team makes every effort to provide professional service from application to refund cheque.

Over the years, Rebate4U has processed thousands of refund applications from government programs and initiatives. Indeed, Rebate4U has established itself as a reputable firm with both the provincial and federal government – it often helps to get speedy approvals, and refunds that represent the maximum amount possible. To find out more about Ontario first time home buyers rebate, call Rebate4U at 1-800-610-4510, or visit the company website at www.rebate4u.ca.

Homeowners, obtain an HST rebate of up to $30,000 today!
get started

We are proud to be working with top Canadian companies

Recent Posts view all posts

How to Find a Tenant Ahead of Your HST Rental Rebate Application

If you’re renting out a new residential property, the HST Rebate in Ontario is a great opportunity to get back some of the money you’ve invested into purchasing the condo. Available via Canada Revenue Agency, the New Residential Rental Rebate Program can mean thous...

Read More

3 Stand-Out Benefits of Applying for HST Rebate on Home Renovations

Home renovations are a great way to revitalize your existing property to transform it into your dream home. Working with the best contractors you can make large-scale upgrade plans that rebuild your home from the ground up. With programs like the New Home HST Rebate in Ontario...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value