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Ontario's land transfer tax is payable when the transfer is registered. If the transfer is not registered within 30 days of closing, you must submit a Return on the Acquisition of a Beneficial Interest in Land form to the Ministry of Finance, along with the payment of tax within 30 days after the closing date.

Surcharge – No more than twenty-five percent (25%) of the amount of unpaid taxes, fees, or charges. Penalty – No more than two percent (2%) per month of unpaid taxes, fees, or charges, including surcharges, until such amount is fully paid, but not more than thirty-six (36) months or 72 percent (72%)

Eligible first-time home buyers can receive a maximum Land Transfer tax refund amount of $4,475 on their Municipal Land Transfer Tax and up to $4,000 on their Provincial Land Transfer Tax. In order to qualify for the land transfer rebate, the purchase: Must be 18 years of age. Must be a permanent resident of Canada.

In addition to cases where first-time home buyers may be eligible for a partial or full refund of their land transfer taxes, there are other situations where land transfer tax can be avoided. These include: Purchasing a newly built home. Transferring the property to a lineal descendent (i.e. parent to child).

Ontario's land transfer tax is payable when the transfer is registered. If the transfer is not registered within 30 days of closing, you must submit a Return on the Acquisition of a Beneficial Interest in Land form to the Ministry of Finance, along with the payment of tax within 30 days after the closing date.

Ontario. To be eligible for this provincial LTT rebate, you must be a Canadian citizen or permanent resident and over 18 years of age. If you have a spouse, they must not have owned a home in the time they've been your spouse. You must also live in the home within 9 months of purchasing it.

You must occupy the home you are purchasing as your principal residence within nine (9) months of the closing date; You must not have ever owned another property anywhere in the world; If you are married, your spouse must not have ever owned another property anywhere in the world during your marriage; and.

The tax rate in Hamburg for all acquisitions made after December 31, 2022 is 5.5%.