2007-01-20 11:35:32 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Canada
It depends on the costs and who pays them and the mortgage company you use.
Two examples. If you put $5000 in to escrow or as a deposit on the property but with the loan and other closing costs there is some left over then it comes back to you. If you are short you pay some in.
Another example is when a lender pays the closing costs or a seller gives you an allowance of say $4000 dollars for closing costs but they are not that high then you may get some money back.
You need to ask this question to your lender.
2007-01-20 11:45:36 · answer #1 · answered by Nusha 5 · 1⤊ 0⤋
Closing costs range from Legal fees to land transfer tax and include a host of other things if you're buying a new home like Warranty Registration, Meter hook-ups and grading deposits.
Most aren't refunded except grading deposits.
2007-01-23 08:10:11 · answer #2 · answered by Jack 6 · 0⤊ 0⤋
If you moved further than 40 km for the purpose of starting a new job, starting studies at school or moving closer to a place of work you can get a refund on your moving expenses (including utility disconnects and reconnects, real estate fees, legal fees, cost of move, etc.). Check out http://www.cra-arc.gc.ca/E/pub/tp/it178r3-consolid/it178r3-consolid-e.html for information on that.
The form for moving expenses is at http://www.cra-arc.gc.ca/E/pbg/tf/t1-m/README.html
2007-01-24 02:13:28 · answer #3 · answered by Mick 3 · 0⤊ 0⤋
No you would not get a refund. What kind of refund are you expecting?
2007-01-20 11:38:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋