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Toronto Land Transfer Tax

The following chart illustrates Land Transfer Taxes for Ontario:

Up to $55,000 x .5% of total property value
From $55,000 to $250,000 x 1% of total property value
From $250,000 to $4000.00 x 1.5% of total property value
From $400,000 up x 2% of total property value

CITY OF TORONTO BUYERS ONLY

Effective February 1, 2008 if you are a buyer in the City of Toronto (416 area code), you will be subject to an additional new City of Toronto Land Transfer Tax for any real estate purchase made in 2008 onwards. There is however an exemption for first time buyers buying residential real estate up to a purchase price of $400,000. The additional City of Toronto tax is calculated as follows:

one-half of 1% of the value of the consideration for the conveyance up to and including $55,000
1% of the value of the consideration which exceeds $55,000 up to and including $400,000
1.5% of the value of the consideration which exceeds $400,000 up to and including $40 million
1% of the value of the consideration which exceeds $40 million
If the value of the consideration for the conveyance exceeds $400,000 and the conveyance is a conveyance of land that contains at least one and not more than two family residences, an additional tax of:

one-half of 1% of the amount by which the value of the consideration exceeds $400,000 up to and including $40 million; and
1% pf the amount by which the value of the consideration exceeds $40 million

Land Transfer Tax Calculator

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Provincial Land Transfer Tax (All Ontario properties including Toronto)

Toronto Land Transfer Tax (Toronto properties only)

Total Land Transfer Tax (Toronto properties only)

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