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First Time Home Buyers' Exemption Amounts



If you qualify for the first time home buyers' exemption, the amount of property transfer tax you pay depends on:

  1. the fair market value of the property
  2. the percentage of the property transfer eligible for the exemption
  3. when the the property was registered

The exemption amount is deducted from the amount of tax you would normally pay. Find out how much tax is payable if the property transfer is:

-100% eligible

-50% eligible


Note: If your property was registered on or before February 21, 2017, the amount of tax payable may be different. Find out the amount of your exemption.


                                                                                                          100% Eligible - Exemption Amounts

100% Eligible - Exemption Amounts
Fair Market ValueExemption AmountTax Payable
Less than $500,000.00Full amount of tax normally due$0
$500,000.00$8,000.00$0.00
$501,000.00$7,699.20$320.80
$502,000.00$7,396.80$643.20
$503,000.00$7,092.80$967.20
$504,000.00$6,787.20$1,292.80
$505,000.00$6,480.00$1,620.00
$506,000.00$6,171.20$1,948.80
$507,000.00$5,860.80$2,279.20
$508,000.00$5,548.80$2,611.20
$509,000.00$5,235.20$2,944.80
$510,000.00$4,920.00$3,280.00
$511,000.00$4,603.20$3,616.80
$512,000.00$4,284.80$3,955.20
$513,000.00$3,964.80$4,295.20
$514,000.00$3,643.20$4,636.80
$515,000.00$3,320.00$4,980.00
$516,000.00$2,995.20$5,324.80
$517,000.00$2,668.80$5,671.20
$518,000.00$2,340.80$6,019.20
$519,000.00$2,011.20$6,368.80
$520,000.00$1,680.00$6,720.00
$521,000.00$1,347.20$7,072.80
$522,000.00$1,012.80$7,427.20
$523,000.00$676.80$7,783.20
$524,000.00$339.20$8,140.80
$525,000.00$0$8,500.00

50% Eligible 


If only part of the property transfer is eligible (e.g. not all of the purchasers qualify), the exemption amount will be reduced. The amount of the exemption is reduced by the percentage of the property transfer that isn't eligible.

Below is the amount of tax payable if 50% of the property transfer is eligible for the First Time Home Buyer's Exemption.


                                                                                                                     50% Eligible - Exemption Amounts

50% Eligible - Exemption Amounts
Fair Market ValueExemption AmountTax Payable
$500,000.00$4,000.00$4,000.00
$501,000.00$3,849.60$4,170.40
$502,000.00$3,698.40$4,341.60
$503,000.00$3,546.40$4,513.60
$504,000.00$3,393.60$4,686.40
$505,000.00$3,240.00$4,860.00
$506,000.00$3,085.60$5,034.40
$507,000.00$2,930.40$5,209.60
$508,000.00$2,774.40$5,385.60
$509,000.00$2,617.60$5,562.40
$510,000.00$2,460.00$5,740.00
$511,000.00$2,301.60$5,918.40
$512,000.00$2,142.40$6,097.60
$513,000.00$1,982.40$6,277.60
$514,000.00$1,821.60$6,458.40
$515,000.00$1,660.00$6,640.00
$516,000.00$1,497.60$6,822.40
$517,000.00$1,334.40$7,005.60
$518,000.00$1,170.40$7,189.60
$519,000.00$1,005.60$7,374.40
$520,000.00$840.00$7,560.00
$521,000.00$673.60$7,746.40
$522,000.00$506.40$7,933.60
$523,000.00$338.40$8,121.60
$524,000.00$169.60$8,310.40
$525,000.00$0$8,500.00