Helping Families for 35+ Years in pursuit of Home Ownership

Land Transfer Tax
Residential Properties

A provincial land transfer tax applies to all properties in Ontario, including Toronto. A separate Toronto land transfer tax applies to Toronto properties only (An easy-to-use calculator and other options for determining the tax are provided below).

First time home buyers of new AND re-sale homes will receive a rebate of the Toronto land transfer tax of up to $4,475 (equivalent to the Toronto land transfer tax payable on a $400,000 property).

NOTE (Provincial Land Transfer Tax): First time home buyers maybe eligible for a rebate of the provincial land transfer tax (PLTT) up to $4,000.

To calculate the total LTT payable for Residential properties, choose one of the following:

1. CLICK BELOW AT BOTTOM OF PAGE & ENTER THE PURCHASE PRICE IN THE SPACE PROVIDED. THE LAND TRANSFER TAX WILL AUTOMATICALLY BE CALCULATED & DISPLAYED.



OR

2. ADD THE FOLLOWING TOGETHER:

PROVINCIAL LAND TRANSFER TAX

(Applies to all Ontario properties, including Toronto)

0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $250,000
plus 1.5% of the amount in excess of $250,001 to $400,000
plus 2.0% of the amount in excess of $400,000

plus 2.5% of the amount in excess of $2,000,000