Wednesday July the 23rd, 2008 
Kevin Timmons
Sales Representative

HomeLife Prestige Realty Inc.
Brokerage
Independently owned and operated.


397 Eglinton Ave. East, Toronto, Ontario M4P 1M6

Direct: 416-802-8495  Office: 416-486-5200  Fax: 416-486-4049

Contact Info is for sending Reports only ...OR ...  If you want me to contact you.  

NOTE: I do NOT send out mass e-mailings.  Thanks for dropping in, and good house hunting.  

Land Transfer Tax Calculator

Use the form below to calculate the amount of Land Transfer tax you will have to pay.  

Note:  Land transfer tax is applied on the sale price only.

 

 

 

 

Purchase Price: $
- I am a first time home buyer
- I am purchasing a property located in Toronto
Total Land Transfer Tax:

$

Ontario Land Transfer Tax Explained

Ontario Land Transfer Tax

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $250,000
1.5% - on balance over $250,000
2.0% - on anything over $400,000
Qualifying first time buyers receive a $2000 credit

Toronto Land Transfer Tax

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $400,000
2.0% - on anything over $400,000
First time buyers are exempt on the first $400,000

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