Michael Mealia
Broker

RE/MAX Hallmark Realty Ltd., Brokerage
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CLICK HERE FOR INFORMATION ON LAND TRANSFER TAX REBATES FOR FIRST TIME BUYERS

 To calculate the total LTT payable for Residential properties :

Provincial Land Transfer Tax
(Applies to all Ontario properties, including Toronto)

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

Toronto Land Transfer Tax
(Additional tax applies to Toronto properties only)

0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $400,000
plus 2.0% of the amount in excess of $400,000

OR

LTT Reference Table

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, and the City of Toronto land transfer tax, which takes effect on February 1, 2008. Please note that the provincial and Toronto land transfer taxes can be amended by the Province and Toronto City Council.

Purchase Price

Provincial
LTT

(Applies to all
Ontario Properties,
including Toronto)

Toronto
LTT

(Applies to Toronto Properties only)

$55,000

$275

$275

$60,000

$325

$325

$65,000

$375

$375

$70,000

$425

$425

$75,000

$475

$475

$80,000

$525

$525

$85,000

$575

$575

$90,000

$625

$625

$95,000

$675

$675

$100,000

$725

$725

$105,000

$775

$775

$110,000

$825

$825

$115,000

$875

$875

$120,000

$925

$925

$125,000

$975

$975

$130,000

$1,025

$1,025

$135,000

$1,075

$1,075

$140,000

$1,125

$1,125

$145,000

$1,175

$1,175

$150,000

$1,225

$1,225

$155,000

$1,275

$1,275

$160,000

$1,325

$1,325

$165,000

$1,375

$1,375

$170,000

$1,425

$1,425

$175,000

$1,475

$1,475

$180,000

$1,525

$1,525

$185,000

$1,575

$1,575

$190,000

$1,625

$1,625

$195,000

$1,675

$1,675

$200,000

$1,725

$1,725

$205,000

$1,775

$1,775

$210,000

$1,825

$1,825

$215,000

$1,875

$1,875

$220,000

$1,925

$1,925

$225,000

$1,975

$1,975

$230,000

$2,025

$2,025

$235,000

$2,075

$2,075

$240,000

$2,125

$2,125

$245,000

$2,175

$2,175

$250,000

$2,225

$2,225

$255,000

$2,300

$2,275

$260,000

$2,375

$2,325

$265,000

$2,450

$2,375

$270,000

$2,525

$2,425

$275,000

$2,600

$2,475

$280,000

$2,675

$2,525

$285,000

$2,750

$2,575

$290,000

$2,825

$2,625

$295,000

$2,900

$2,675

$300,000

$2,975

$2,725

$305,000

$3,050

$2,775

$310,000

$3,125

$2,825

$315,000

$3,200

$2,875

$320,000

$3,275

$2,925

$325,000

$3,350

$2,975

$330,000

$3,425

$3,025

$335,000

$3,500

$3,075

$340,000

$3,575

$3,125

$345,000

$3,650

$3,175

$350,000

$3,725

$3,225

$400,000

$4,475

$3,725

$450,000

$5,475

$4,725

$500,000

$6,475

$5,725

$550,000

$7,475

$6,625

$600,000

$8,475

$7,725

$650,000

$9,475

$8,725

$700,000

$10,475

$9,725

$750,000

$11,475

$10,725

$800,000

$12,475

$11,725

$850,000

$13,475

$12,725

$900,000

$14,475

$13,725

$950,000

$15,475

$14,725

$1,000,000

$16,475

$15,725

see calculation chart at top of page

For additional information please contact the Ontario Ministry of Finance at 905-433-6361 (for provincial land transfer tax questions) or the City of Toronto at 416-338-0338 (for Toronto land transfer tax questions). I assume no responsibility for the accuracy or completeness of the information set out in this section.

 Source: TREB

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