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Provincial (Ontario) and Toronto Land Transfer Tax Calculator & Example
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Print-Friendly Version
(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 )
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Prov
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City of Toronto
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Tax
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$2,375
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$2,325
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Rebate
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($2,000)
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($3,725)
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Owing
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$375
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$0
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Standard Calculation
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Prov
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City of Toronto
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0.5%
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On the first $55,000
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same
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1.0%
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$55,000 - $250,000
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$55,000 - $400,00
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1.5%
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$250,000 +
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N/A
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For Single Family & Duplex over $400,00 use 2%
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2.0%
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Over $400,000 (single-family & duplex only)
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same
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Land Transfer Tax Calculator
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Land Transfer Tax
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Quick Reference Table
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Use Only For Single Family and Duplex
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(For multiple family, etc over $400,000 use standard calculation – tax will be less)
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Price
$
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Ontario
$
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Toronto
$
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Total
$
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Rebate
$
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After Rebate
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100,000
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725
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725
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1,450
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1,450
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0
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120,000
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925
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925
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1,850
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1,850
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0
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140,000
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1,125
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1,125
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2,250
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2,250
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0
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160,000
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1,325
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1,325
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2,650
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2,650
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0
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180,000
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1,525
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1,525
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3,050
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3,050
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0
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200,000
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1,725
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1,725
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3,450
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3,450
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0
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220,000
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1.925
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1.925
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3,850
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3,850
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0
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228,000
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2,005
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2,005
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4,010
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4,005
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5
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240,000
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2,125
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2,125
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4,250
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4,125
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125
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260,000
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2,375
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2,325
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4,700
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4,325
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375
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280,000
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2,675
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2,525
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5,200
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4,525
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675
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300,000
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2,975
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2,725
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5,700
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4,725
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975
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320,000
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3,275
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2,950
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6,225
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4,925
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1,300
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340,000
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3,575
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3,125
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6,700
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5,125
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1,575
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360,000
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3,875
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3,325
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7,200
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5,325
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1,875
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380,000
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4,175
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3,525
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7,700
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5,525
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2,175
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400,000
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4,475
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3,725
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8,200
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5,725
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2,475
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450,000
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5,475
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4,725
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10,200
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5,725
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4,475
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500,000
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6,475
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5,725
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12,200
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5,725
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6,475
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600,000
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8,475
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7,725
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16,200
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5,725
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10,475
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650,000
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9,475
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8,725
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18,200
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5,725
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12,475
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700,000
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10,475
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9,725
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20,200
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5,725
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14,475
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750,000
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11,475
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10,725
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22,225
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5,725
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16,500
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Land Transfer Tax Calculator
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