Land Transfer Tax

In general, if you buy land or an interest in land in Ontario, you must pay Ontario’s land transfer tax. The amount in the below table will make up a big part of your closing costs. You will be required to have land transfer funds in addition to your down payment. If you have questions please ask me.

Land Transfer Tax Refund for First-time Homebuyers

The following numbers are for reference only. Your individual land transfer tax calculation should be calculated and verified by your solicitor. The following chart is based on the Land Transfer Tax (LTT) levied by the Province of Ontario as at May 1996, and the City of Toronto land transfer tax, which took effect on February 1, 2008. Please note that the provincial and Toronto land transfer taxes can be amended by the Province and Toronto City Council.

Purchase Price All Ontario Properties Toronto Only Toronto Total Total
$55,000 $275 $275 $550
$60,000 $325 $325 $650
$65,000 $375 $375 $750
$70,000 $425 $425 $850
$75,000 $475 $475 $950
$80,000 $525 $525 $1,050
$85,000 $575 $575 $1,150
$90,000 $625 $625 $1,250
$95,000 $675 $675 $1,350
$100,000 $725 $725 $1,450
$105,000 $775 $775 $1,550
$110,000 $825 $825 $1,650
$115,000 $875 $875 $1,750
$120,000 $925 $925 $1,850
$125,000 $975 $975 $1,950
$130,000 $1,025 $1,025 $2,050
$135,000 $1,075 $1,075 $2,150
$140,000 $1,125 $1,125 $2,250
$145,000 $1,175 $1,175 $2,350
$150,000 $1,225 $1,225 $2,450
$155,000 $1,275 $1,275 $2,550
$160,000 $1,325 $1,325 $2,650
$165,000 $1,375 $1,375 $2,750
$170,000 $1,425 $1,425 $2,850
$175,000 $1,475 $1,475 $2,950
$180,000 $1,525 $1,525 $3,050
$185,000 $1,575 $1,575 $3,150
$190,000 $1,625 $1,625 $3,250
$195,000 $1,675 $1,675 $3,350
$200,000 $1,725 $1,725 $3,450
$205,000 $1,775 $1,775 $3,550
$210,000 $1,825 $1,825 $3,650
$215,000 $1,875 $1,875 $3,750
$220,000 $1,925 $1,925 $3,850
$225,000 $1,975 $1,975 $3,950
$230,000 $2,025 $2,025 $4,050
$235,000 $2,075 $2,075 $4,150
$240,000 $2,125 $2,125 $4,250
$245,000 $2,175 $2,175 $4,350
$250,000 $2,225 $2,225 $4,450
$255,000 $2,300 $2,275 $4,575
$260,000 $2,375 $2,325 $4,700
$265,000 $2,450 $2,375 $4,825
$270,000 $2,525 $2,425 $4,950
$275,000 $2,600 $2,475 $5,075
$280,000 $2,675 $2,525 $5,200
$285,000 $2,750 $2,575 $5,325
$290,000 $2,825 $2,625 $5,450
$295,000 $2,900 $2,675 $5,575
$300,000 $2,975 $2,725 $5,700
$305,000 $3,050 $2,775 $5,825
$310,000 $3,125 $2,825 $5,950
$315,000 $3,200 $2,875 $6,075
$320,000 $3,275 $2,925 $6,200
$325,000 $3,350 $2,975 $6,325
$330,000 $3,425 $3,025 $6,450
$335,000 $3,500 $3,075 $6,575
$340,000 $3,575 $3,125 $6,700
$345,000 $3,650 $3,175 $6,825
$350,000 $3,725 $3,225 $6,950
$400,000 $4,475 $3,725 $8,200
$450,000 $5,475 $4,725 $10,200
$500,000 $6,475 $5,725 $12,200
$550,000 $7,475 $6,725 $14,200
$600,000 $8,475 $7,725 $16,200
$650,000 $9,475 $8,725 $18,200
$700,000 $10,475 $9,725 $20,200
$750,000 $11,475 $10,725 $22,200
$800,000 $12,475 $11,725 $24,200
$850,000 $13,475 $12,725 $26,200
$900,000 $14,475 $13,725 $28,200
$950,000 $15,475 $14,725 $30,200
$1,000,000 $16,475 $15,725 $32,200

 

 

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