The provincial tax on a $1,000,000 property is $16,475.00. As a first-time home buyer, you are subject to a $4,000 rebate.
The provincial tax on a $1,000,000 property is $16,475.00. Since this property is located in Toronto, there is also an municipality tax of $16,475.00. As a first-time home buyer, you are subject to a $8,475 rebate.
The values and figures shown are hypothetical and may not apply to your situation.
