Land Transfer Tax Calculator

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Ontario Land Transfer Tax Explained


Purchase Price
Calculation of LTT
0 – 55,000
0.5% x Amount
55,001 – 250,000
(1.0% x Amount) minus 275
250,001 – 400,000
(1.5% x Amount) minus 1525
> 400,000
(2.0% x Amount) minus 3525
> 2,000,000
(2.5% x Amount) minus 13,525

Qualifying first time buyers of new or resale homes are eligible for a rebate of up to $2,000.

Toronto Land Transfer Tax Explained


Purchase Price
Calculation of LTT
0 – 55,000
0.5% x Amount
55,001 – 250,000
(1.0% x Amount) minus 275
250,001 – 400,000
(1.5% x Amount) minus 1525
> 400,000
(2.0% x Amount) minus 3525
> 2,000,000
(2.5% x Amount) minus 13,525

This is in addition to the Ontario Land Transfer Tax. Qualifying first time home buyers may receive a rebate of up to $4,475 (equivalent of the LTT payable on a $400,000 property).

Contact an Avenue Realty Inc., Brokerage Realtor if you have any questions regarding buying a property or Land Transfer Tax.

 

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