Updated 2025

Toronto First-Time Buyer LTT Rebate 2025

Toronto first-time home buyers can claim up to $8,475 in combined land transfer tax rebates — $4,000 from Ontario and $4,475 from the City of Toronto. Here's everything you need to know.

$4,000
Ontario LTT Rebate (max)
$4,475
Toronto MLTT Rebate (max)
$8,475
Total Combined Rebate

Quick Navigation

  1. Rebate Calculator
  2. Eligibility Requirements
  3. Ontario FTB Rebate Details
  4. Toronto MLTT Rebate Details
  5. How to Claim
  6. FAQ
Why Toronto FTB Rebates Matter More Than Elsewhere in Ontario Toronto is the only city in Canada where buyers pay two land transfer taxes. This makes the FTB rebate program doubly important here — and uniquely structured, with separate rebates from two different levels of government. A first-time buyer purchasing a $700,000 Toronto home pays $20,950 in LTT without rebates, but only $12,475 after claiming both rebates.

Toronto First-Time Buyer Rebate Calculator 2025

See how much you save as a Toronto first-time buyer.

Eligibility Requirements

Both the Ontario and Toronto rebates have the same core eligibility requirements:

You Qualify for Both Rebates If:

✓
You are a Canadian citizen or permanent resident of Canada
✓
You are at least 18 years of age on the date of transfer
✓
You have never owned a home anywhere in the world at any time
✓
You intend to occupy the home as your principal residence within 9 months of closing
✓
If you have a spouse, your spouse must also never have owned a home while being your spouse (applies to both married and common-law partners)
Common Disqualifier: Spouse Previously Owned a Home If your spouse (married or common-law) previously owned a home — even if you never did — you may not qualify for the first-time buyer rebates. This applies to both Ontario and Toronto rebates. Consult your real estate lawyer before assuming you qualify.

You Do NOT Qualify If:

✗
You have ever owned a residential property anywhere in the world, even briefly
✗
You are buying an investment property or rental (not as your principal residence)
✗
Your spouse previously owned a home while married or in a common-law relationship with you
✗
You are a non-resident of Canada (not a citizen or PR)

Ontario First-Time Buyer LTT Rebate

Maximum Rebate: $4,000 — Administered by the Province of Ontario
DetailValue
Maximum rebate$4,000
Applies toOntario Land Transfer Tax only
Eligible propertiesNew and resale homes in Ontario
Administered byProvince of Ontario
Full rebate eliminates LTT on homes up to~$368,000
How to claimThrough your real estate lawyer at closing

Toronto Municipal LTT First-Time Buyer Rebate

Maximum Rebate: $4,475 — Administered by the City of Toronto
DetailValue
Maximum rebate$4,475
Applies toToronto Municipal LTT only
Eligible propertiesResidential properties within City of Toronto boundaries
Administered byCity of Toronto
Full rebate eliminates MLTT on homes up to~$400,000
How to claimThrough your real estate lawyer at closing

How to Claim Your Toronto FTB Rebates

  1. Tell your real estate lawyer you are a first-time buyer — Do this early in the process. Your lawyer handles both rebate applications.
  2. Complete both rebate applications — Your lawyer will prepare Ontario Form LTT (Ontario rebate) and the City of Toronto MLTT rebate application simultaneously.
  3. Provide required declarations — You must sign statutory declarations confirming your eligibility under both Ontario and Toronto rules.
  4. Rebates applied at closing — Unlike some government programs, these rebates are applied immediately at closing (they reduce the LTT you pay, not refunded later).
  5. Move in within 9 months — You must occupy the home as your principal residence within 9 months of closing to remain eligible.

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FAQ — Toronto First-Time Buyer Rebates

Can I get the Toronto rebate if I've owned property outside Canada?

No. Both the Ontario and Toronto first-time buyer rebates require that you have never owned a home anywhere in the world at any time. Owning property outside Canada disqualifies you from both rebates.

What if only one buyer on title is a first-time buyer?

If a property is purchased by two people and only one qualifies as a first-time buyer, the rebate is proportional to the qualifying buyer's ownership interest. For example, if you own 50% and qualify but your co-buyer does not, you receive 50% of the maximum rebate amount.

Does the FHSA count toward the first-time buyer LTT rebate?

The First Home Savings Account (FHSA) and the LTT first-time buyer rebate are separate programs with separate eligibility definitions. Being FHSA-eligible does not automatically make you LTT-rebate-eligible, and vice versa. However, they generally apply to the same group of buyers. Check with your lawyer and financial advisor.

How long do I have to claim the first-time buyer rebate?

The LTT rebates are claimed at closing — they cannot be applied retroactively after you've closed. This is why it's essential to inform your real estate lawyer of your FTB status before closing day.

Does the rebate apply to pre-construction condos?

Yes. First-time buyers of pre-construction (new construction) condos in Toronto can claim both the Ontario and Toronto LTT rebates. For pre-construction, LTT is payable on the final closing date. Interim closings (occupancy closings) for condos may have different timelines — confirm with your condo lawyer.