DO I HAVE TO PAY TAX IF I WIN A SHOWHOME?
No. There is no tax payable on the awarding of a showhome prize.
IF I WIN A SHOWHOME IS THERE ANYTHING THAT I HAVE TO PAY FOR TO TAKE OWNERSHIP?
There is no cost to you to take ownership.
WHAT ARE MY COSTS AFTER I TAKE POSSESSION OF MY NEW HOME?
After you take the title of your new home/condo/cottage, you would be responsible for the usual costs associated with home ownership.
WHAT ABOUT LAND TRANSFER TAXES? REAL ESTATE FEES? LEGAL FEES?
We want our showhome winners to be happy, so land transfer taxes, real estate fees and legal fees for title transfer are paid for by the Princess Margaret Home Lottery.
DO I HAVE TO LIVE IN THE HOME FOR A YEAR IF I WIN IT?
No. The moment you take title of your new home, it’s yours to do with as you wish.