LAND TRANSFER TAX

The Land Transfer Tax is payable on all purchases. The tax is calculated on the purchase price of a home according to a specific formula. In Ontario the formula to calculate the Land Transfer Tax is as follows:

Up to$55,000 X .5 % of total property value
From $55,000 to $250,000 X 1 % of total property value
From $250,000 to $400,000 X 1.5 % of total property value
From $400,000 up X 2 % of total property value

Use the calculator below to estimate the amount of land transfer tax you will have to pay.  Land transfer tax is applied on the sale price only.

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