Phone: 416-494-7653  Fax: 416-494-0016  Toll: 1-877-709-9849  Mobile: 416-399-5832

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.

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

 

DENNIS PARADIS

Taking Care of You ... One Step at a Time

RE/MAX Hallmark Realty Ltd., Brokerage

Phone: 416-494-7653  Fax: 416-282-2097  

Each Office Independently Owned and Operated

 




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