land transfer tax calculator
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
