Land Transfer Tax - Simplus Realty Law Professional Corporation | Real Estate Closing in Toronto and Ontario

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
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

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