Who qualifies as a first-time buyer for LTT rebates in Ontario?

In Ontario you qualify as a first-time buyer if you are at least 18 years old, have never owned a home or an interest in a home anywhere in the world, you occupy the property as your principal residence within 9 months of purchase, and your spouse has not owned a home while being your spouse.

Do I need to apply separately for the LTT rebate?

No. In Ontario, BC, and PEI the first-time buyer rebate is applied automatically at closing through your real estate lawyer or notary. You sign a statutory declaration confirming your FTB eligibility and your lawyer calculates the net LTT amount on your closing statement.

Does Alberta have land transfer tax?

No. Alberta does not have a provincial land transfer tax. Instead, Alberta charges a land title transfer fee of approximately $400-$500. Saskatchewan, Nova Scotia, New Brunswick, and Newfoundland also have no land transfer tax.

Can my spouse and I both claim the Ontario FTB rebate?

Only one first-time buyer rebate can be claimed per transaction. The maximum Ontario rebate is $4,000 per transaction. If one spouse is a FTB and one is not, the rebate is prorated based on the FTB spouse's ownership percentage.

What is the BC Property Transfer Tax exemption for first-time buyers?

In BC, first-time buyers purchasing a home under $500,000 are fully exempt from the Property Transfer Tax. For homes $500,000-$525,000, a partial exemption applies. Above $525,000 no exemption is available. You must be a Canadian citizen or PR and occupy the property as your principal residence for at least one year.

Canada Land Transfer Tax Rebate Calculator

Calculate land transfer tax and first-time buyer rebates across all Canadian provinces. Ontario offers up to $4,000 in provincial rebate plus $4,475 from Toronto's Municipal LTT rebate. BC exempts homes under $500,000. PEI offers up to $2,000. Alberta, Saskatchewan and Atlantic provinces have no provincial land transfer tax. Includes province-by-province comparison, Toronto double LTT breakdown, spousal proration calculator, and GST/HST new build rebate.

Province

Purchase Price

First-Time Buyer?

Buying in City of Toronto?

FTB Rebate

CA$0

No FTB rebate applied

Provincial LTT

CA$8,475

Provincial FTB Rebate

-CA$0

Net LTT Due

CA$8,475

LTT as % of Purchase

1.41%

Advanced

Advanced Analysis

Province-by-province rebate comparison, Toronto double LTT, eligibility requirements

Land transfer tax and first-time buyer rebates vary dramatically by province. Compare the net LTT cost across all provinces for your purchase price of CA$600,000.

Purchase Price

First-Time Buyer?

Province	LTT Due	FTB Rebate	Net LTT	LTT as % of Price	Notes
Ontario	CA$8,475	$0	CA$8,475	1.41%	No rebate
Ontario + Toronto	CA$16,950	$0	CA$16,950	2.83%	Prov + City tax
British Columbia	CA$10,000	$0	CA$10,000	1.67%	No exemption
Quebec	CA$7,469	$0	CA$7,469	1.24%	—
Manitoba	CA$9,650	$0	CA$9,650	1.61%	—
PEI	CA$6,000	-CA$2,000	CA$4,000	0.67%	Up to $2K rebate
Alberta	$0	N/A	$0	0.00%	No provincial LTT
Saskatchewan	$0	N/A	$0	0.00%	No provincial LTT
Nova Scotia	$0	N/A	$0	0.00%	No provincial LTT
New Brunswick	$0	N/A	$0	0.00%	No provincial LTT
Newfoundland	$0	N/A	$0	0.00%	No provincial LTT

Pro

Professional Simulator

Newly built home GST/HST rebate, spousal eligibility proration, application process

In addition to LTT rebates, first-time buyers of newly built homes may claim the GST/HST New Housing Rebate. This is separate from and in addition to any LTT rebate.

New Home Purchase Price

Province

Price Range	Federal GST Rebate	Provincial HST Component	Total Rebate	Notes
Under $350,000	CA$5,400	CA$8,640	CA$14,040	Maximum rebate applies
$350,000 - $450,000	CA$3,150	CA$11,520	CA$14,670	Transitional rebate
$450,000+	CA$0	CA$14,400	CA$14,400	No federal rebate
$600,000+	CA$0	CA$20,160	CA$20,160	No federal rebate

Max Federal GST Rebate

$6,300

Homes under $350,000 — 36% of GST

Max ON HST Rebate

$24,000

Ontario new build rebate (if eligible)

Combined Max Rebate (ON)

$30,300

Federal + Ontario provincial rebate

Price Cutoff (Federal)

$450,000

No federal rebate above this price

How to Use This Land Transfer Tax Rebate Calculator

Select your province, enter the purchase price, and indicate whether you are a first-time buyer. If buying in the City of Toronto, enable the Toronto MLTT toggle. The calculator shows your provincial land transfer tax, any available first-time buyer rebate, and the net amount due at closing.

What You Need to Know

Land transfer tax is paid at closing, typically through your real estate lawyer or notary
First-time buyer rebates are applied automatically at closing — no separate application needed in most provinces
Alberta, Saskatchewan, Nova Scotia, New Brunswick, and Newfoundland have no provincial land transfer tax
Toronto buyers pay two LTTs: Ontario provincial and Toronto municipal (MLTT)
Both Ontario and Toronto first-time buyer rebates can be claimed simultaneously

Land Transfer Tax Formulas by Province

Ontario LTT (2024):
0.5% on first $55,000
1.0% on $55,001 to $250,000
1.5% on $250,001 to $400,000
2.0% on $400,001 to $2,000,000
2.5% above $2,000,000

Ontario FTB Rebate: up to $4,000 (phases out $368K-$500K)
Toronto MLTT FTB Rebate: up to $4,475 (phases out $400K-$600K)

BC Property Transfer Tax:
1% on first $200,000
2% on $200,001 to $2,000,000
3% on $2,000,001 to $3,000,000
5% above $3,000,000
BC FTB: full exemption under $500K; partial exemption $500K-$525K

PEI: 1% of purchase price. FTB rebate up to $2,000

Example: Ontario First-Time Buyer in Toronto

Alex buying a $700,000 condo in Toronto as a first-time buyer

Purchase Price	$700,000
Ontario LTT	$10,475
Ontario FTB Rebate	$0 (price above $500K threshold)
Toronto MLTT	$10,475
Toronto MLTT FTB Rebate	$0 (price above $600K threshold)
Total LTT Due	$20,950
Net at Closing	$20,950

At $700,000 Alex is above both rebate thresholds. A buyer purchasing at $400,000 in Toronto would save $8,475 in combined FTB rebates ($4,000 Ontario + $4,475 Toronto).

Frequently Asked Questions

In Ontario you qualify as a first-time buyer if you are at least 18 years old, have never owned a home or an interest in a home anywhere in the world (including through a spouse), you occupy the property as your principal residence within 9 months of purchase, and your spouse (if applicable) has not owned a home while being your spouse. If your spouse previously owned a home before your relationship, you may still qualify.

No. In Ontario, BC, and PEI the first-time buyer rebate is applied automatically at closing through your real estate lawyer or notary. You will sign a statutory declaration confirming your FTB eligibility, and your lawyer will calculate the net LTT amount on your closing statement. You only pay the reduced amount — there is no separate rebate application after the fact.

No. Alberta does not have a provincial land transfer tax. Instead, Alberta charges a land title transfer fee, which is much smaller — approximately $400-$500 for a typical home purchase. Saskatchewan, Nova Scotia, New Brunswick, and Newfoundland also have no land transfer tax. This makes Alberta, Saskatchewan, and Atlantic Canada significantly cheaper at closing compared to Ontario or BC.

Only one first-time buyer rebate can be claimed per transaction regardless of how many first-time buyers are on the purchase. The maximum Ontario rebate is $4,000 per transaction. However, if one spouse is a FTB and one is not, the rebate is prorated based on the FTB spouse's ownership percentage. For example, 50% ownership = $2,000 maximum rebate.

In BC, first-time buyers purchasing a home under $500,000 are fully exempt from the Property Transfer Tax. For homes priced between $500,000 and $525,000, a partial exemption applies on a sliding scale. Above $525,000 no exemption is available. You must be a Canadian citizen or permanent resident, never have owned a home anywhere in the world, and occupy the property as your principal residence for at least one year.