First-time buyers may be eligible for a rebate of the provincial and municipal (Toronto) land transfer taxes, to a maximum of $4,000 of the payable provincial land transfer tax and $4,475 of the payable municipal land transfer tax (Toronto), respectively. For more details on first-time buyer rebate rules and eligibility, visit the Ministry of Finance web site (provincial LTT) and the City of Toronto web site (municipal LTT).