Land Transfer Tax

The following chart reflects the implementation of the municipal land transfer tax. Both Ontario and Toronto taxes are payable by the Buyer through their lawyer upon closing of the transaction.

First time Buyers do not pay the city of Toronto tax on the first $400,000 of a property purchase.

Purchase

Price

Provincial

(L.T.T.)

City of

Toronto

(L.T.T.)

Total

$55,000

$275

$275

$550

$75,000

$475

$475

$950

$100,000

$725

$725

$1,450

$125,000

$975

$975

$1,950

$150,000

$1,225

$1,225

$2,450

$175,000

$1,475

$1,475

$2,950

$200,000

$1,725

$1,725

$3,450

$225,000

$1,975

$1,975

$3,950

$250,000

$2,225

$2,225

$4,450

$275,000

$2,600

$2,475

$5,075

$300,000

$2,975

$2,725

$5,700

$325,000

$3,350

$2,975

$6,325

$350,000

$3,725

$3,225

$6,950

$375,000

$4,100

$3,475

$7,575

$400,000

$4,475

$3,725

$8,200

$425,000

$4,975

$4,225

$9,200

$450,000

$5,475

$4,725

$10,200

$475,000

$5,975

$5,225

$11,200

$500,000

$6,475

$5,725

$12,200

$550,000

$7,457

$6,725

$14,200

$600,000

$8,475

$7,725

$16,200

$650,000

$9,475

$8,725

$18,200

$700,000

$10,475

$9,725

$20,200

$750,000

$11,475

$10,725

$22,200

$800,000

$12,475

$11,725

$24,200

$850,000

$13,475

$12,725

$26,200

$900,000

$14,475

$13,725

$28,200

$950,000

$15,475

$14,725

$30,200

$1,000,000

$16,475

$15,725

$32,200

$1,100,000

$18,475

$17,725

$36,200

$1,200,000

$20,475

$19,725

$40,200

$1,300,000

$22,475

$21,725

$44,200

$1,400,000

$24,475

$23,725

$48,200

$1,500,000

$26,475

$25,725

$52,200

$1,750,000

$31,475

$30,725

$62,200

$2,000,000

$36,475

$35,725

$72,200

$2,500,000

$46,475

$45,725

$92,200

$3,000,000

$56,475

$55,725

$112,200

The formula for calculating Ontario Land Transfer Tax is:

0.5% on the first $55,000
Plus 1% 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% of the amount in excess of $400,000

The formula for calculating Toronto Land Transfer is:

0.5% on the first $55,000
Plus 1% of the amount from $55,001 to $400,000
Plus 2% of the amount in excess of $400,000