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Provincial (Ontario) and Toronto Land Transfer Tax Calculator & Example
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(from Buyer Reports Page) Land Transfer Tax – Ontario Ø Purchaser pays upon registering title usually through lawyer on Closing Day Ø Based on the Purchase Price for Resale Homes and for New Homes Purchase Price less GST. First Time Buyers – $2,000 Prov & $3,725 City Rebate  Must be 18 years of age or older Must have not owned an interest in a home anywhere in the world. Your spouse has never owned an interest in a home anywhere in the world while married to you. Rebate applies to a new home and to resales. Must be used as the principal residence of the purchaser. Example – First Time Buyers of $260,000 home (Using Quick Reference Table ) | Prov | City of Toronto | Tax | $2,375 | $2,325 | Rebate | ($2,000) | ($3,725) | Owing | $375 | $0 |
Standard Calculation | Prov | City of Toronto | 0.5% | On the first $55,000 | same | 1.0% | $55,000 - $250,000 | $55,000 - $400,00 | 1.5% | $250,000 + | N/A | | For Single Family & Duplex over $400,00 use 2% | | 2.0% | Over $400,000 (single-family & duplex only) | same |
Land Transfer Tax Calculator |
Land Transfer Tax | Quick Reference Table | Use Only For Single Family and Duplex | (For multiple family, etc over $400,000 use standard calculation – tax will be less) | | Price $ | Ontario $ | Toronto $ | Total $ | Rebate $ | After Rebate | | | | | | | 100,000 | 725 | 725 | 1,450 | 1,450 | 0 | 120,000 | 925 | 925 | 1,850 | 1,850 | 0 | 140,000 | 1,125 | 1,125 | 2,250 | 2,250 | 0 | 160,000 | 1,325 | 1,325 | 2,650 | 2,650 | 0 | 180,000 | 1,525 | 1,525 | 3,050 | 3,050 | 0 | 200,000 | 1,725 | 1,725 | 3,450 | 3,450 | 0 | 220,000 | 1.925 | 1.925 | 3,850 | 3,850 | 0 | 228,000 | 2,005 | 2,005 | 4,010 | 4,005 | 5 | 240,000 | 2,125 | 2,125 | 4,250 | 4,125 | 125 | 260,000 | 2,375 | 2,325 | 4,700 | 4,325 | 375 | 280,000 | 2,675 | 2,525 | 5,200 | 4,525 | 675 | 300,000 | 2,975 | 2,725 | 5,700 | 4,725 | 975 | 320,000 | 3,275 | 2,950 | 6,225 | 4,925 | 1,300 | 340,000 | 3,575 | 3,125 | 6,700 | 5,125 | 1,575 | 360,000 | 3,875 | 3,325 | 7,200 | 5,325 | 1,875 | 380,000 | 4,175 | 3,525 | 7,700 | 5,525 | 2,175 | 400,000 | 4,475 | 3,725 | 8,200 | 5,725 | 2,475 | 450,000 | 5,475 | 4,725 | 10,200 | 5,725 | 4,475 | 500,000 | 6,475 | 5,725 | 12,200 | 5,725 | 6,475 | 600,000 | 8,475 | 7,725 | 16,200 | 5,725 | 10,475 | 650,000 | 9,475 | 8,725 | 18,200 | 5,725 | 12,475 | 700,000 | 10,475 | 9,725 | 20,200 | 5,725 | 14,475 | 750,000 | 11,475 | 10,725 | 22,225 | 5,725 | 16,500 |
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Land Transfer Tax Calculator |
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