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