How do I calculate land transfer tax?

Ontario Land Transfer Tax applies to all Ontario properties including Toronto. 

Tax  rates on the value of the consideration are:

Percentage

Explanation

0.5%

amounts up to and including $55,000

1.0%

amounts exceeding $55,000 up to and including $250,000

1.5%

amounts exceeding $250,000 up to and including $400,000

2.0%

amounts exceeding $400,000 up to and including $2,000,000 

2.5%

amounts exceeding $2,000,000


Toronto Land Transfer Tax applies to Toronto properties only (on top of Ontario Land Transfer Tax).

Tax rates on the value of the value of the consideration are:

Percentage

Explanation

0.5%

amounts up to and including $55,000

1.0%

amounts exceeding $55,000 up to and including $400,000

2.0%

amounts exceeding $400,000