Buyer Information: Land Transfer Tax Calculator: Denroy Stewart , Toronto and Mississauga Real Estate

Buyer Information: Land Transfer Tax Calculator

The Ontario Land Transfer Tax is charged by the province when ownership of property is changed. It is normally paid by the purchaser when property is bought. It applies everywhere in the province.

But now anyone buying the city of Toronto has to consider possibly paying an additional land transfer tax. We have included this new tax here, so that you can see just how much the city is charging you.

Currently, the land transfer tax in ONTARIO is as follows:
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
First time buyers get a $2,000 rebate

And the new land transfer tax in TORONTO is as follows:
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

Land Transfer Tax Calculator

Use the form below to calculate the amount of Ontario and Toronto land transfer tax you will have to pay. Land transfer tax is applied on the sale price only and is paid by the buyer.

If you are a first-time home buyer, or buying in the City of Toronto, check the appropriate box(es) in the calculator. First-time buyers are normally eligible for substantial rebates of land transfer tax.