See CALCULATOR for Ontario and City of Toronto Land Transfer Taxes
0.5% on the first $55,000 plus 1.0% of the amount from $55,001 to $250,000 plus 1.5% of the amount in excess of $250,001 to $400,000 plus 2.0% of the amount in excess of $400,000
OR
2. Use the following table:
Purchase Price
Calculation of LTT
0 - 55,000
.005 x Amount
55,001 - 250,000
(.01 x Amount) minus 275
250,001 - 400,000
(.015 x Amount) minus 1,525
400,000 +
(.02 x Amount) minus 3,525
If the purchase price falls within this range, then apply formula to purchase price
(e.g. on a $175,000 home (.01 X 175,000) minus 275=LTT)
The following numbers are for reference only. Your individual land transfer tax calculation should be calculated and verified by your solicitor. The following chart is based on the Land Transfer Tax (LTT) levied by the Province of Ontario as at May 1996. Please note the Provincial Government does amend the LTT from time to time.
$55,000
$275
$60,000
$325
$65,000
$375
$70,000
$425
$75,000
$475
$80,000
$525
$85,000
$575
$90,000
$625
$95,000
$675
$100,000
$725
$105,000
$775
$110,000
$825
$115,000
$875
$120,000
$925
$125,000
$975
$130,000
$1,025
$135,000
$1,075
$140,000
$1,125
$145,000
$1,175
$150,000
$1,225
$155,000
$1,275
$160,000
$1,325
$165,000
$1,375
$170,000
$1,425
$175,000
$1,475
$180,000
$1,525
$185,000
$1,575
$190,000
$1,625
$195,000
$1,675
$200,000
$1,725
$205,000
$1,775
$210,000
$1,825
$215,000
$1,875
$220,000
$1,925
$225,000
$1,975
$230,000
$2,025
$235,000
$2,075
$240,000
$2,125
$245,000
$2,175
$250,000
$2,225
$255,000
$2,300
$260,000
$2,375
$265,000
$2,450
$270,000
$2,525
$275,000
$2,600
$280,000
$2,675
$285,000
$2,750
$290,000
$2,825
$295,000
$2,900
$300,000
$2,975
$305,000
$3,050
$310,000
$3,125
$315,000
$3,200
$320,000
$3,275
$325,000
$3,350
$330,000
$3,425
$335,000
$3,500
$340,000
$3,575
$345,000
$3,650
$350,000
$3,725
$400,000
$4,475
$450,000
$5,475
$500,000
$6,475
$550,000
$7,475
$600,000
$8,475
$650,000
$9,475
$700,000
$10,475
$750,000
$11,475
$800,000
$12,475
$850,000
$13,475
$900,000
$14,475
$950,000
$15,475
$1,000,000
$16,475
see calculation chart at top of page
For additional information please contact the Ontario Ministry of Finance (Mr. Ron Hogan 416-325-2175). wendysmithtoronto.com and the Toronto Real Estate Board assume no responsibility for the accuracy or completeness of the information set out in this section.
358 Davenport Road
Toronto, ON M5R 1K6