Land Transfer Tax Calculator
How to calculate Land Transfer Tax
Land transfer tax is calculated based on the purchase price of your property and the province. Each province has its own land transfer tax rates.
To calculate the Land transfer tax for purchase of a home in Toronto, there is an additional municipal land transfer tax.
To find out how Land transfer tax is calculated where you live, find the below chart .
| Purchase Price | Estimate Tax Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,000.01 to $250,000.00 | 1.0% |
| $400,000.01 to $2,000,000.00 | 2.0% |
| Over $2,000,000 | 2.5% |
Toronto's First-time Home Buyer Land Transfer Tax Rebate Eligibility
The First-time Home Buyers in Toronto of new and resale homes are eligible to receive a rebate up to a maximum of $4,475.
- The buyer must be at least 18 years of age.
- The buyer must be a Canadian citizen or permanent resident of Canada.
- The buyer cannot have owned a home anywhere in the world.
- The buyer's spouse cannot have owned a home or interest in a home, anywhere in the world while he or she was your spouse.