Land Transfer Tax

Land Transfer Tax Calculation

The land transfer tax in Ontario is as follows:

0.5% on the first $55,000

1.0% on the portion between $55,000 - $250,000

1.5% on balance over $250,000

If the land falls under the definition of single-family and duplex residences, an additional tax of 0.5% applies to consideration over $400,000.

* Real property including beneficial interests (eg. life lease, life tenure, equity lease or life tenancy) are subject to tax

Deb Fittler

Deb Fittler

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CENTURY 21 Millennium Inc., Brokerage*
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