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CLAIM for REFUND of REALTY TRANSFER TAXES by FIRST TIME 2021-2025

5402 2021-2025 Form

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Video instructions and help with filling out and completing CLAIM FOR REFUND OF REALTY TRANSFER TAXES BY FIRST TIME Form

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Instructions and help about delaware transfer affidavit

My name is Dana Gain and today we're talking to first-time buyers about how you can save thousands in land transfer tax. First, what is land transfer tax? Simply put this is the tax levied when homes change hands in Ontario. Since the seller is usually responsible for paying the real estate fee, the buyer customarily pays the tax to the government. when a property is transferred into a new buyers name. Land transfer tax applies to all land related transactions in Ontario every time a property is sold. This tax needs to be paid by the buyer. Importantly, land transfer tax is more expensive in the city of Toronto than in surrounding municipalities. This could be an important consideration when deciding on where you would like to move to next. If you're considering the city of Toronto for your next home purchase, it might be a good idea to verify the amount of your land transfer tax in advance. So let's talk about the first time buyers rebate. If you are a first ti

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