Land Transfer Tax Calculation
On every real estate purchase transaction, the Government of Ontario charges the Purchaser land transfer tax:

Purchase Price	Tax Payable
Up to $55,000	0.5% of purchase price
$55,000 to $250,000	$275 + 1% of price exceeding $55,000
$250,000 to $400,000	$2,225 + 1.5% of price exceeding $250,000
$400,000 and up	$4,500 + 2% of price exceeding $400,000

For Example:

Purchase Price	Tax Payable
$50,000	$250
$100,000	$725
$200,000	$1,725
$300,000	$2,975
$400,000	$4,500

*First-time buyers of new homes may qualify for a full or partial rebate of the Land Transfer Tax.