Ontario Land Transfer Tax Explained

  • 0.5% – on the first $55,000
  • 1.0% – on portion between $55,000 – $250,000
  • 1.5% – on balance over $250,000
  • 2.0% – on anything over $400,000
  • Qualifying first time buyers receive up to a $2000 credit

 

Toronto Land Transfer Tax Explained

  • 0.5% – on the first $55,000
  • 1.0% – on portion between $55,000 – $400,000
  • 2.0% – on anything over $400,000
  • First time buyers are exempt on the first $400,000