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Search Toronto MLS listings for Houses & Condos for sale or other Toronto residential properties through this Toronto Real Estate Guide. Find MLS listings in  North York, Markham, Thornhill, Richmond Hill, Vaughan, Scarborough, Mississauga, & MLS Home listings in surrounding areas in the GTA. 

Ram Rajendram , B.Sc., CA ,  Real Estate Broker

Direct: (416) 737-7700    24 Hr Pager: (416) 733-2666

 

Land Transfer Tax Calculator

Use the form below to calculate the amount of land transfer tax you will have to pay in Ontario when buying a resale home or condo (applies to all buyers except those purchasing in the 416 area code).  Land transfer tax is applied on the sale price only.

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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

CITY OF TORONTO BUYERS ONLY

 

Please note that if you are a buyer in the City of Toronto (416 area code), you will be subject to an additional new City of Toronto land transfer tax for any real estate purchase made in 2008 onwards.  There is however, an exemption for first time buyers buying residential real estate up to a purchase price of $400,000. The additional City of Toronto tax is calculated as follows:

 

Up to $55,000 X .5 % of total property value

From $55,000 to $400,000 X 1 % of total property value

From $400,000 up X 2 % of total property value

 

READ MORE ABOUT THE CITY OF TORONTO LAND TRANSFER TAX AND MY OPINION OF ITS IMPACT ON TORONTO'S REAL ESTATE MARKET IN MY BLOG BY CLICKING HERE 

As mentioned above, the City of Toronto Tax does not affect buyers in areas outside the (416) area code. 

External information on the City of Toronto land transfer tax may be found by clicking here.



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