Land Transfer Tax for Properties Purchased in ONTARIO

Calculating The Ontario Land Transfer Tax

Ontario’s land transfer tax is assessed as a percentage of the price paid for a property based on the following calculations:

0.5% up to and including $55,000
1.0% above $55,000 and up to $250,000
1.5% above $250,000 and up to $400,000
2.0% above $400,000
2.5% above $2,000,000 where the land includes 1 or 2 single family homes

If you are purchasing property in the city of Toronto, you will be required to pay an additional municipal property tax. Furthermore, if you are not a citizen or permanent residence of Canada, or are a foreign corporation, you will be subject to an additional 15% non-resident speculation tax. Please consult with your solicitor for further details.

By using our Ontario land transfer tax calculator, you will obtain an approximate land transfer tax owed on your purchased property.

Calculate Land Transfer Tax For Ontario!

Estimated value of property: $

Approximate Land Transfer Fee: $

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