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Land Transfer Tax

Land transfer tax, a payment made to the government for transferring property from the seller to the buyer, is a complex process that should be calculated by a professional.

Land transfer tax rates

Land Transfer Tax TimeLand transfer tax is typically calculated on the value of the property as registered with the land registration office. The tax rates calculated on the value of the consideration are:

  • 0.5% up to and including $55,000
  • 1% above $55,000 up to and including $250,000
  • 1.5% above $250,000
  • 2% above $400,000 where the land contains one or two single family residences.

First-time Homebuyers

If you are a first-time homebuyer, you may be eligible for a refund of all or part of the land transfer tax, provided they meet certain criteria.

Paying Land Transfer tax

Ontario's land transfer tax is payable when you register the transfer.