Buyer's Guide - Information makes the difference.
Land Transfer Taxes
Purchasers in most large Canadian centers can add Land Transfer Taxes to their list of closing costs.

Below you will find a Land Transfer Tax Calculator for the province of Ontario.

Ontario Land Transfer Tax (Residential)
Enter the purchase price: $ 
Is the property located in Toronto ?
Are you a first buyer?
Provincial
Land Transfer
Tax Amount $
Toronto Land
Transfer
Tax Amount $ 
Total Land
Transfer
Tax Amount $ 
Current as of 02/01/08. No dollar signs, commas or decimals

Ontario Land Transfer Tax Explained
Ontario Land Transfer Tax
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 a $2000 credit
Toronto Land Transfer Tax
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

 
 

John Mercer
- Broker -

johnmercer.realtor@gmail.com

Right At Home Realty Inc., Brokerage

895 Don Mills Road, Suite 202, Toronto, Ontario M3C 1W3

Direct 416-219-8098

Home 905-895-2496

Office 416-391-3232

Not intended to solicit properties currently listed for sale
or individuals currently under contract with a brokerage.

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