Land Transfer Tax Calculator


In Ontario, Land Transfer Tax is payable by the purchaser of property whenever title to a property is transferred. While exemptions to the tax can apply to certain circumstances, Land Transfer Tax must be addressed in all real estate transactions. The amount of Land Transfer Tax payable is based upon the total consideration provided for the property. Traditionally, single family residential properties in Ontario are subject to Land Transfer Tax based upon the following formula:

• 0.5% of the first $55,000 of the purchase price
• 1.0% of the portion of the purchase price from $55,000.01 to $250,000
• 1.5% of the portion of the purchase price from $250,000.01 to $400,000
• 2.0% of the portion of the purchase price from $400,000.01 to $2,000,000
• 2.5% of the portion of the purchase price above $2,000,000

First-time homebuyers in Ontario of new and resale homes may be eligible to receive a rebate up to a maximum of $4,000.

Purchase Price:
Region:
Transfer Tax: $0.00

Effective February 1, 2008, the City of Toronto has implemented a municipal element of Land Transfer Tax wherein additional tax is payable to the City whenever a property is transferred. This additional tax for single family residential properties in Toronto is based upon the following formula:

• 0.5% of the first $55,000 of the purchase price
• 1.0% of the portion of the purchase price from $55,000.01 to $250,000
• 1.5% of the portion of the purchase price from $250,000.01 to $400,000
• 2.0% of the portion of the purchase price from $400,000.01 to $2,000,000
• 2.5% of the portion of the purchase price above $2,000,000

First-time homebuyers in Toronto of new and resale homes may be eligible to receive a rebate up to a maximum of $4,475.

Other municipalities throughout Ontario may implement an additional municipal tax element to Land Transfer Tax. Please feel free to contact our office to make a determination of the total Land Transfer Tax that will be due in your circumstance.

DISCLAIMER: The information provided above of a general nature for informational purposes only, and is not intended to represent the definitive opinion of the firm of Elia Associates on any particular matter. Although every effort is made to ensure that the information contained on this website is accurate and up-to-date, the reader should not act upon it without obtaining appropriate professional advice and assistance.


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