CALCULATE LAND TRANSFER TAX

 

Land Transfer Tax is not a simple straight line calculation its charged on a graduated basis, and if your in Toronto there is a calculation on top of the base Ontario Land Transfer Tax.  Use the calculator provided or scroll down to see how to calculate yourself.

 

 

 

Here is how the Ontario Land Transfer Tax is calculated;

Amounts up to and including $55,000 are multiplied at 0.5 %

Amounts exceeding $55,000 up to and including $250,000 are multiplied at 1.0 %

Amounts exceeding $250,000 are multiplied at 1.5 %

Amounts exceeding $400,000 where the land contains one or two single family residences are multiplied at 2.0 %

 

Here is how the Toronto Land Transfer Tax is calculated;

Amounts up to and including $55,000 are multiplied at 0.5 %

Amounts exceeding $55,000 up to and including $400,000 are multiplied at 1.0 %

Amounts exceeding $400,000 where the land contains one or two single family residences are multiplied at 2.0 %

 

 

Other Helpful links;

 

Ministry of Finance Land Transfer Tax (CLICK HERE)

 

Municipal Land Transfer Tax Toronto (CLICK HERE)

 

Toronto MLTT Rebate Opportunities (CLICK HERE)

 

Information on First-time Home Buyers Land Transfer Tax Rebate (CLICK HERE)

 

First-time Home Buyer Tax Rebate (CLICK HERE)

 

 

 

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