Land Transfer Tax

Land Transfer Tax

Purchasers in most large Canadian centers can add Land Transfer Taxes to their list of closing costs. In general, if you buy land or an interest in land in Ontario, you must pay Ontario's land transfer tax
Both Ontario and Toronto taxes are payable by the Buyer through their lawyer upon closing of the transaction. First time Buyers do not pay the city of Toronto tax on the first $400,000 of a property purchase.
Click on this great municipal land transfer tax website for useful information.

Use the form below to calculate the amount of land transfer tax you will have to pay. Land transfer tax is applied on the sale price only.


Calculate
Ontario Land Transfer Tax:
N/A
Toronto Land Transfer Tax:
N/A
Total Land Transfer Tax:
N/A

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