WISE

   LAW   OFFICE

         __________________

                                         

                      TORONTO

 

 

REAL  ESTATE TRANSACTIONS

 

 

 

       Land Transfer Tax

Ontario Land Transfer Tax is calculated on the purchase price of a home, and is payable at the time your new Transfer/Deed is registered to close your transaction.  

Calculate your Land Transfer Tax payment with the chart below:

The tax payable on residential properties in Ontario is  calculated as follows:

       Ontario Land Transfer Tax Calculator

 

    Enter the Purchase Price      $  (do not use comma or "$")       
     
 

Land Transfer Tax Payable $

 
           

0.5% on the first $55,000 of the purchase price, plus

1.0% on the amount exceeding $ 55,000 up to and including $250,000, plus

1.5% on the amount exceeding $250,000 up to and including $400,000, plus,

2.0% on the amount over $400,000.

For newly constructed Ontario homes, Land Transfer Tax is payable on the purchase price, net of G.S.T.

 Back to Toronto Real Estate Main Page

Home  •   Lawyers  •   Employment Law  •   Family Law   •   Injuries  •   Business Law  •  Real Estate  •  Wills  •   Location  •  Links  •  Contact Us