Land Transfer Tax

Purchasers of property in Ontario must pay Land Transfer Tax, which is calculated based on the value of the home. Outside of Toronto, land transfer tax is calculated as follows:

  • 0.5% on the first $55,000 ($275)
  • 1% from $55,000 to $250,000
  • 1.5% from $250,000 to $400,000
  • 2.0% on the amount over $400,000

For example, on a $325,000 purchase, the Land Transfer Tax would be:

  • 0.5% x $55,000                          = $   275
  • 1.0% x $195,000                        = $1,950
  • 1.5% x $75,000                          = $1,125
  • Land Transfer Tax payable         = $3,350

Land Transfer Tax Exemption

You may be exempt from paying up to $2,000 of Land Transfer Tax if you or your spouse have never previously owned a home or an interest in a home anywhere in the world.

Land Transfer Tax Estimator (For Properties Outside Toronto Only)