(905) 691-4733 tish@tishfaith.com

Land Transfer Tax

Land transfer tax, a payment made to the government for transferring property from the seller to the buyer, is a complex process that should be calculated by a professional. So, how do you pay? Ontario’s land transfer tax is payable when you register the transfer.

Land Transfer Tax Rates

Land transfer tax is typically calculated on the value of the property as registered with the land registration office. The tax rates calculated on the value of the consideration are:

  • 0.5% up to and including $55,000
  • 1% above $55,000 up to and including $250,000
  • 1.5% above $250,000
  • 2% above $400,000 where the land contains one or two single family residences.

First-time Homebuyers

If you are a first-time homebuyer, you may be eligible for a refund of all or part of the land transfer tax, provided they meet certain criteria.

Land Transfer Tax Calculator

RateHub logo

Tish Faith, Sales Representative

Right at Home Realty Inc.,
5111 New Street, Suite 104
Burlington, ON L7L1V2

Office Phone: 905.637.1700
Mobile: 905.691.4733
Email: tish@tishfaith.com

Tish Faith, Sales Representative

Right at Home Realty Inc.,
5111 New Street, Suite 104
Burlington, ON L7L1V2

Office Phone: 905.637.1700
Mobile: 905.691.4733
Email: tish@tishfaith.com