This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

Mike Tokmak
Broker



office:416-436-0299
direct:416-436-0299
cell:416-436-0299
Visit me on FacebookFollow me on TwitterVisit me on LinkedIn
FLEXIBLE COMMISION RATES
FREE HOME EVALUATION
Search For Property
Buying Home
Selling Home
NEW CONDOS SQUARE ONE AND MISSISSAUGA
SQUARE ONE LUXURY CONDOS
MISSISSAUGA CONDOS
TOWNHOMES MISSISSAUGA
TRIDEL COMMUNITIES MISSISSAUGA / SQUARE ONE
TRIDEL CONDOS MISSISSAUGA / TORONTO / GTA
PORT CREDIT CONDOS LAKESHORE MISSISSAUGA
ETOBICOKE AND LAKESHORE CONDOS
TORONTO DOWNTOWN LAKESHORE CONDOS
LAND TRANSFER TAX INFORMATION
MORTGAGE CALCULATOR
Information Center
Client Reports
BANK SALE PROPERTIES
Tarion New Home Warranty Program
Important Resources
HOME STAGING
MOVING INFORMATION AND MOVING COMPANY
SCHOOLS OAKVILLE, MISSISSAUGA & GTA
USEFUL NUMBERS & INFO
OAKVILLE, MISSISSAUGA / TORONTO REAL ESTATE BOARDS
REAL ESTATE COUNCIL OF ONTARIO
CANADA HOUSING AND MORTGAGE CORPORATION
REAL ESTATE INFO / CLOSING COSTS/LAWYER
OAKVILLE, MISSISSAUGA AND TORONTO REAL ESTATE BOARDS
TRIDEL CONDOS TORONTO AND GTA
Personal Information
Realtor.ca
print version

Land Transfer Tax Info / Calculator

 

Residential Properties

 

 

 

For more information call Mike Tokmak at 416-436-0299

 email: ntokmak@trebnet.com 

websites:

www.miketokmak.com  www.squareonecondosandhomes.com  www.torontolakeshorecondos.com

 

 

A Commercial LTT Calculator is also available.

A provincial land transfer tax applies to all properties in Ontario, including Toronto. A separate Toronto land transfer tax applies to Toronto properties only (An easy-to-use calculator and other options for determining the tax are provided below).

Note (Toronto Land Transfer Tax):

Any transactions where the purchaser and vendor have entered into an Agreement of Purchase and Sale for the property prior to December 31, 2007, and closing after the Toronto Land Transfer Tax (TLTT) takes effect on February 1, 2008, will be REBATED the full amount of the Toronto land transfer tax, regardless of how long after February 1, 2008 that the closing date is. Transactions closing before February 1, 2008, will not be charged the Toronto Land Transfer Tax.

First time home buyers of new AND re-sale homes will receive a rebate of the Toronto land transfer tax of up to $3,725 (equivalent to the Toronto land transfer tax payable on a $400,000 property).

See details of Toronto Land Transfer Tax

Note (Provincial Land Transfer Tax):

First time home buyers of newly constructed and resale homes (only resale homes where agreements of purchase and sale were signed after December 13, 2007) are eligible for a rebate of the provincial land transfer tax (PLTT) up to $2,000 (equivalent to the provincial land transfer tax payable on a $227,500 property).

See details.

To calculate the total LTT payable for Residential properties, choose one of the following:

1. Select the calculator below and enter the purchase price in the space provided. The land transfer tax will automatically be calculated and displayed.

 

OR

2. Add the following together:

Provincial Land Transfer Tax
(Applies to all Ontario properties, including Toronto)

0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $250,000
plus 1.5% of the amount in excess of $250,001 to $400,000
plus 2.0% of the amount in excess of $400,000

Toronto Land Transfer Tax
(Applies to Toronto properties only)

0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $400,000
plus 2.0% of the amount in excess of $400,000

OR

3. Use the following formula:
(Provincial land transfer tax only)

 

 

Purchase Price

Calculation of LTT

0 - 55,000

.005 x Amount

55,001 - 250,000

(.01 x Amount) minus 275

250,001 - 400,000

(.015 x Amount) minus 1,525

400,000 +

(.02 x Amount) minus 3,525

 

 

 

If the purchase price falls within this range, then apply formula to purchase price

(e.g. on a $175,000 home (.01 X 175,000) minus 275=LTT)

OR

4. LTT Reference Table

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 takes 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

Provincial
LTT

(Applies to all
Ontario Properties,
including Toronto)

 

Toronto
LTT

(Applies to Toronto Properties only)

 

$55,000

$275

$275

$60,000

$325

$325

$65,000

$375

$375

$70,000

$425

$425

$75,000

$475

$475

$80,000

$525

$525

$85,000

$575

$575

$90,000

$625

$625

$95,000

$675

$675

$100,000

$725

$725

$105,000

$775

$775

$110,000

$825

$825

$115,000

$875

$875

$120,000

$925

$925

$125,000

$975

$975

$130,000

$1,025

$1,025

$135,000

$1,075

$1,075

$140,000

$1,125

$1,125

$145,000

$1,175

$1,175

$150,000

$1,225

$1,225

$155,000

$1,275

$1,275

$160,000

$1,325

$1,325

$165,000

$1,375

$1,375

$170,000

$1,425

$1,425

$175,000

$1,475

$1,475

$180,000

$1,525

$1,525

$185,000

$1,575

$1,575

$190,000

$1,625

$1,625

$195,000

$1,675

$1,675

$200,000

$1,725

$1,725

$205,000

$1,775

$1,775

$210,000

$1,825

$1,825

$215,000

$1,875

$1,875

$220,000

$1,925

$1,925

$225,000

$1,975

$1,975

$230,000

$2,025

$2,025

$235,000

$2,075

$2,075

$240,000

$2,125

$2,125

$245,000

$2,175

$2,175

$250,000

$2,225

$2,225

$255,000

$2,300

$2,275

$260,000

$2,375

$2,325

$265,000

$2,450

$2,375

$270,000

$2,525

$2,425

$275,000

$2,600

$2,475

$280,000

$2,675

$2,525

$285,000

$2,750

$2,575

$290,000

$2,825

$2,625

$295,000

$2,900

$2,675

$300,000

$2,975

$2,725

$305,000

$3,050

$2,775

$310,000

$3,125

$2,825

$315,000

$3,200

$2,875

$320,000

$3,275

$2,925

$325,000

$3,350

$2,975

$330,000

$3,425

$3,025

$335,000

$3,500

$3,075

$340,000

$3,575

$3,125

$345,000

$3,650

$3,175

$350,000

$3,725

$3,225

$400,000

$4,475

$3,725

$450,000

$5,475

$4,725

$500,000

$6,475

$5,725

$550,000

$7,475

$6,625

$600,000

$8,475

$7,725

$650,000

$9,475

$8,725

$700,000

$10,475

$9,725

$750,000

$11,475

$10,725

$800,000

$12,475

$11,725

$850,000

$13,475

$12,725

$900,000

$14,475

$13,725

$950,000

$15,475

$14,725

$1,000,000

$16,475

$15,725

see calculation chart at top of page

 

 

For additional information please contact the Ontario Ministry of Finance at 905-433-6361  or the City of Toronto at 416-338-0338. The Toronto Real Estate Board assumes no responsibility for the accuracy or completeness of the information set out in this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

View more services  
adminlistingsprivacy policycontactsite map