Land Transfer Tax

Land Transfer Tax Calculator

Purchase Price ($):

– I am a first time home buyer
– I am purchasing a property located in Toronto
Total Land Transfer Tax ($):

 

Ontario Land Transfer Tax Explained

Ontario Land Transfer Tax

0.5% – on the first $55,000
1.0% – on portion between $55,000 – $250,000
1.5% – on balance over $250,000
2.0% – on anything over $400,000
Qualifying first time buyers receive a $2000 credit

Toronto Land Transfer Tax

0.5% – on the first $55,000
1.0% – on portion between $55,000 – $400,000
2.0% – on anything over $400,000
First time buyers are exempt on the first $400,000