Land Transfer Tax

Land transfer tax is assessed on a property when a deed is registered transferring ownership from one party to another. The tax uses a sliding scale based on property value.

Calculation:

  • 0.5% on the first $55,000 of the purchase price, plus;
  • 1.0% on the amount exceeding $55,000 up to and including $250,000, plus;
  • 1.5% on the amount exceeding $250,000 up to and including $400,000, plus;
  • 2.0% on the amount over $400,000

This handy Calculator will give you your Land Transfer Tax in an instant.

More detail about the Land Transfer Tax is available at the Government of Ontario's website.

Luc Poirier

Luc Poirier

Broker
CENTURY 21 Shield Realty Ltd., Brokerage*
Contact Me