Government Grants

PEI First-Time Home Buyer Transfer Tax

Type:
Tax Break
Availability:
Prince Edward Island

Summary

If you're buying your first home in Prince Edward Island, this program waives the Property Transfer Tax on your property purchase.

Eligibility

In order to qualify, you must meet the following criteria:

  • Must be a Canadian citizen or permanent resident
  • Must be at least 18 years of age
  • Must maintain dwelling for a period of six months immediately before registration date
  • Has not previously obtained a First Time Home Buyers Exemption
  • Has not previously owned property
  • Must be subject to clause 3(a) of the Income Tax Act and has filed a return in at least two of the six taxation years immediately preceding registration

Additional Information

Property owners must sign an oath stating their eligibility.

How to Apply

Print and fill out Request for Refund and Declaration of First Time Home Buyers, and mail to the Department of Finance

Resources

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