What is the Land Transfer Tax, and how much will I have to pay?

The Land Transfer Tax is a tax that Canadian provinces, territories and municipalities assess on the sale of a home. Buyers pay the tax, which funds provincial services. The amount that you must pay depends on the purchase price of the home, and each province, territory and municipality sets its own tax rates. Many localities that charge the Land Transfer Tax offer a rebate or tax credit to first-time home buyers that reduces or eliminates their Land Transfer Tax.

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