Ilenna Tai's
Real Estate Knowledge Center:


Use this calculator if purchasing properties in Ontario (e.g. Markham, Richmond Hill, Stouffville) except the City of Toronto.

Ontario Land Transfer Tax Calculator

   

Enter the Purchase Price in $

   
     
 

Ontario Land Transfer Tax $

 
    *   Do not enter the dollar sign or commas  

 Detailed calculations for the Provincial Land Transfer Tax as follows:
0.5% on amounts up to and including $55,000;
+1.0% on the amount exceeding $55,000 up to and including $250,000;
+1.5% on amounts above $250,000 up to and including $400,000;
+2.0% of the amount in excess of $400,000.


See Land Transfer Tax Refund for First-time Homebuyers

 

Use this calculator if purchasing properties in the City of Toronto



Calculate Toronto Land Transfer Tax (Residential)

Enter the purchase price: $ 
(no commas or decimals)

Provincial Land Transfer Tax (PLTT) Amount $

Toronto Land Transfer Tax (TLTT) Amount $

Total Land Transfer Tax (PLTT + TLTT) Amount $


(Applies to all Ontario properties including Toronto)


(Applies to Toronto properties only)

(Applies to Toronto properties only)
Toronto Land Transfer Tax Implementation- effective February 1, 2008

On October 22, 2007, Toronto City Council has approved a municipal land transfer tax that will be levied on top of the provincial land transfer tax. This additional tax applies to properties in the City of Toronto, and not other municipalities of the Greater Toronto Area such as Richmond Hill, Markham etc.
For all purchasers:
  • one-half of one percent of the value of the consideration on sales up to and including $55,000;

  • one per cent of the value of the consideration on sales exceeding $55,000 up to and including $400,000;

  • two per cent of the value of the consideration of land containing one and/or two single family residences exceeding $400,000;

  • one and a half per cent of the value of the consideration on commercial properties including multi-residential units exceeding $400,000 up to $40 million;

  • one per cent of the value of the consideration which exceeds $40 million.
Purchasers with a Purchase and Sale agreement on or before December 31, 2007 will receive a full rebate of the Toronto Land Transfer tax regardless of the closing date.

Purchasers with a Purchase and Sale agreement signed after December 31, 2007 with a closing before February 1, 2008 will not be required to pay the Toronto Land Transfer tax.

Purchasers with a Purchase and Sale agreement signed after December 31, 2007 with a closing on or after February 1, 2008 will be required to pay the full Toronto Land Transfer tax.

For first time purchasers:
A rebate of up to $3,725 will apply to first-time purchasers of both new and existing homes. This means a full rebate for first-time buyers of homes valued at $400,000 or less. For example, a first-time purchaser of a home valued at $600,000 would pay land transfer tax according to the scale shown above, and receive a rebate of $3,725. A first time home buyer of a home valued at $300,000 would get a full rebate on the land transfer tax.

For further information please refer to the staff report.




Note: Although this site endeavours to ensure the accuracy and timeliness of information, it is not guaranteed. This site and Ilenna Tai assume no responsibility for the accuracy of this data and accept no responsibility for any loss arising from any use or reliance on the information contained herein. You are advised to consult your lawyer for the accurate figures.