Saturday July the 31st, 2010 

c# 1 HomeLife Office in Toronto 1994-2006

 
HomeLife New World Realty Inc.
Brokerage
Independently owned and operated.

201 Consumers RoadSuite 205, Toronto, ON

Phone: 416-490-1177  Fax: 416-490-1928
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




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