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Land transfer tax rebate
Jan 08, 2014
Land-transfer tax is paid to the government at approximately 1.5% of the purchase price.
Rules for Land-Transfer Tax
If you own or have owned a home you are not eligible for the rebate.
If you have never owned a home but your spouse has during the time you were each others spouses then neither of you are eligible.
If your spouse owned a home prior to you becoming spouses you would be eligible but not your spouse.
"Spouses" includes common-law partners of at least 3 years or are in a relationship of some permanence if natural or adoptive parents of a child.
Consult your lawyer to maximize a potential rebate while not evading any taxes.
Adapted from Jeff Cowan -Legal Matters