Land Transfer Tax Calculator:

Land transfer tax is paid by buyers while getting the title transferred in their name of the subject property.

Ontario Land Transfer Tax:

Up to $55,000x 0.5% of the purchased value
From $55,000 to $250000 x 1% of the purchased price, less $275
From $250,000 to $400,000 x 1.5% of the purchased price, less $1525
From $400000 up x 2% of the purchased price, less $3535

Additional New Toronto’s Land Transfer Tax:

Up to $55000x 1/2% of the purchased price
1% from $55,000 to $400,000
2% on over $400,000
First Time Buyer exempt unto $400,000

 

For more information on Tax Calculations, or if you are planning to buy or sell your home you can call one of our Mortgage Expert.

 

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