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Land Transfer Tax
 


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.

 
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