InstantForum.NET v4.1.4CanadianBride.com Talkboardshttp://forums.canadianbride.com/bounce@canadianbride.comTue, 02 Dec 2008 01:58:40 GMT20http://forums.canadianbride.com/Topic420100-22-1.aspxHi</P><P>I just purchased a home this week. And yes the law has passed. As a first time homebuyer you are entitled to a 2000 rebate on your land transfer tax. Should that fee be higher than 2000 you are responsible for the difference. So our land transfer tax was 2700 and so we have to pay 700. Also another thing to look into is the 20% downpayment will save you the CMHC fees (which for us would have been 4000). My lawyer wasnt aware that the law had passed so make sure they check before you agree to go with them!Wed, 23 Jul 2008 08:44:43 GMThsnichollshttp://forums.canadianbride.com/Topic420100-22-1.aspxhttp://www.rev.gov.on.ca/english/refund/newhome/<br><br>Thu, 17 Jul 2008 12:12:59 GMTmelissa_sunshine http://forums.canadianbride.com/Topic420100-22-1.aspxAs a real estate representitive I can tell you that it is 100% true. It finally passed about a month ago :) The wait time is currently 6-9 weeks for you return (at least for those who bought before it became official).<br><br>Congrats to those who get their refund :)<br><br><br>ETA: You should still able to get the refund even if your spouse has owned property before...but so long as it wasn't anytime during your marriage!Sun, 06 Jul 2008 22:36:11 GMT2007bridehttp://forums.canadianbride.com/Topic420100-22-1.aspx[quote][b]KSG09 (7/5/2008)[/b][hr]Our lawyer said it passed 10 days ago!! They are waiving the first $2000, as the pp said. <P>Too perfect, because we have just bought a house pending home inspection. Timing couldn't be better. </P><P>Shawa: I'm almost positive that both people on the title would have to be first-time home buyers. When we called our lawyer he specifically asked if we were both buying for the very first time. [/quote]<P>Oh man, if this is true, I am sooooooo happy. Just bought a house, we'll be closing July 25th and this would be an amazing added bonus. *crosses fingers*<P> Sun, 06 Jul 2008 20:40:17 GMTsilvarazzhttp://forums.canadianbride.com/Topic420100-22-1.aspxOur lawyer said it passed 10 days ago!! They are waiving the first $2000, as the pp said. </P><P>Too perfect, because we have just bought a house pending home inspection. Timing couldn't be better. </P><P>Shawa: I'm almost positive that both people on the title would have to be first-time home buyers. When we called our lawyer he specifically asked if we were both buying for the very first time. Sat, 05 Jul 2008 14:22:23 GMTKSG09http://forums.canadianbride.com/Topic420100-22-1.aspxwhat if DH has bought a house before but I havent ? no more first time home buyer perks ? :crying:Tue, 01 Jul 2008 14:27:25 GMTshawnaphttp://forums.canadianbride.com/Topic420100-22-1.aspxI don't know for sure if it's been passed but we close today (YAY!!) and we don't have to pay our land transfer tax on our resale home. Before they were requiring you to pay and then if it was passed the governement would refund your tax (up to the $2000) limit. Unfortunately if you had to pay yours on closing it'll be a while before you get your money. Our lawyer said she had people who paid in December and January when the bill got sent in for consideration who haven't received their money yet :(Mon, 30 Jun 2008 13:09:14 GMTsonyaehttp://forums.canadianbride.com/Topic420100-22-1.aspxYou're going to need to be a little more specific ... there are a couple different programs available for first time home buyers ...Mon, 30 Jun 2008 11:48:52 GMTigottajlohttp://forums.canadianbride.com/Topic420100-22-1.aspxI'm not sure about the first time home buyers thing, but congrats on officially being married!</P><P>How did the wedding day go??? PICS!!!! :DMon, 30 Jun 2008 00:07:26 GMTBellzBridehttp://forums.canadianbride.com/Topic420100-22-1.aspxJust wondering if anyones knows if the first time home buyers for resale homes has offically passed yet?? We closed on our house on May 15th. If its passed does anyone know how long it should take to get the money?Sun, 29 Jun 2008 23:14:33 GMTJenn2008