Monday September the 6th, 2010 

Land Transfer Tax Calculator

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.

This is a one time only tax that is payable to the Government based on the cost of your home. First time buyers get a rebate if they buy a new property from a developer. The following information can help you to calculate the land transfer tax in Ontario. This is for informational purposes only and we recommend that you speak with a professional to confirm the amount you will have to pay when buying a property.

Purchase Price Calculation of Land Transfer Tax
0 - $55,000 .005 x Amount
$55,001 - $250,000 (.01 x Amount) minus $275
$250,001 - $400,000 (.015 x Amount) minus $1,525
$400,000 + (.02 x Amount) minus $3,525

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




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