The Land Transfer Tax refund is for first-time homebuyers, that is, a buyer who has never owned any type or piece of property anywhere in the world at any time.
The LTT rebate allows for a one-time rebate of up to $4,000. This rebate happens instantly upon registration of the transfer. This means you do not have to pay first and get reimbursed later—the purchaser simply does not pay the amount of the rebate on closing. The LTT refund works on a proportioned basis. For example, if two people purchase a home together but only one person is a first-time buyer, the rebate will be $2,000.