Ontario Land Transfer Tax:
The following are a land transfer tax that buyers must pay when purchasing a home in Toronto. Noticed that there is two taxes Ontario and Toronto Land Transfer Tax.
Keep in mind that if you are purchasing a home outside Toronto you may only be responsible to pay one of the tax below which is the Ontario Land Transfer Tax. Speak to a licensed realtor for more details.
Ontario Land Transfer Tax
Toronto Land Transfer Tax
First time home buyers can also benefit on certain credit from the government so it is beneficial to check land transfer tax prior to purchasing a property. Also, note not to get mixed up with Land Transfer Tax with a Property Tax. They mean two different things!