Articles about closing under Mortgage.
Land transfer tax rates and first-time buyer rebates vary significantly across Canadian provinces, with Ontario and British Columbia charging the highest rates while most provinces levy no transfer tax at all.
Ontario charges land transfer tax on every property purchase. Learn how the progressive tax rates work and whether you qualify for the first-time buyer rebate.
Ontario land transfer tax is a closing cost based on the home's purchase price. First-time buyers may qualify for a provincial rebate, and Toronto buyers may also owe municipal land transfer tax.
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