Land Transfer Tax

Purchasers in Ontario can add Land Transfer Taxes to their list of closing costs. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser.

First-Time Homebuyer in Ontario  –    Click to View:   Land Transfer Refund

Ontario – Land Transfer Tax Calculation  –  Click to Calculate:    Your Land Transfer Tax  

• Land Transfer Tax 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
• Example:   If you purchase a property for $260,000 in Ontario, for example, .5 per cent is charged on the first $55,000, 1 per cent is charged on $55,000 – $250,000, while the $250,000 – $400,000 range is taxed at 1.5 per cent. Your total tax bill? $2,375.00.