Ontario Land Transfer Tax

De Krupe Law > Ontario Land Transfer Tax

The Land Transfer Marginal Tax Fee varies from 0.5% to 2.5% in Ontario. The final amount of these percentages depends on the property’s bought cost range. Starting from the first $55,000 and up to over $2,000,000, tax is gradually increasing. These percentages last changed in 2017, the first update in 20 years since 1997.

For more detailed calculations, correctly filled tax application forms, and much more, contact our lawyer for a home purchase. At De Krupe Law, our team is fully certified and has the necessary knowledge to help you with any real estate transaction.

Ontario Land Transfer Tax Calculator

Ontario land transfer tax is the tax you must pay to the government after the transaction closes when you acquire land (and the property on it) or a beneficial interest in the land. The amount of this tax mostly depends on the property’s value. However, there are several additional factors, such as mortgage obligations, First-Time Home Buyer incentives and Non-Resident Speculation Tax, that can add to or reduce the total LTT amount. To learn more about it, don’t hesitate to contact our skilled real estate lawyers in Toronto.

Below is our calculator, which shows how much you can expect to pay. The Land Transfer Tax is mostly the same across Ontario except for the Toronto land transfer tax.

NOTE: Although we have made this calculator as accurate as possible, De Krupe Law is not responsible for its accuracy, and you should not entirely rely on it. This calculator gives you just a general idea of what your land transfer tax could be. Laws can change, and so can tax percentages.

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Total Land Transfer Tax $ 0