Thanks for the Provincial Government First Time Home Buyers who are purchasing a property in Ontario will have no tax to pay on the first $368,000 of the purchase price of their home.

Beginning January 1st 2017 first time home buyers can obtain a $4,000 refund on applicable land transfer tax at the time of purchasing their first home. Those purchasing a property greater than $368,000 would be able to receive a maximum refund of $4,000.