Land Transfer Tax Calculator

When you acquire property or land, you pay land transfer tax to the province when the transaction closes.

The tax rates calculated on the value of the consideration are:

  • 0.5% on the first $55,000 of the purchase price, plus
  • 1.0% on the amount exceeding $ 55,000 up to and including $250,000, plus
  • 1.5% on the amount exceeding $250,000 up to and including $400,000, plus
  • 2.0% on the amount exceeding $400,000 up to and including $2,000,000, plus
  • 2.5% above $2,000,000.

The land transfer tax rate is the same for residents and non-residents of Canada. Properties purchased within the City of Toronto are subject to an additional municipal land transfer tax.

Use the following land transfer tax calculator to easily find out your land transfer tax amount:

 

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Subject to certain exceptions, first time home buyers may receive up to a $4,000 credit. For example, land transfer tax on a $400,000 home in Ottawa is $4,475. For first time home buyers, a $4,000 credit will be applied, leaving the final amount payable as $475.

Disclaimer: The information provided above is of a general nature for informational purposes only, and is not intended to represent the definitive opinion of the firm on any particular matter. We do not guarantee the accuracy of the calculator. Obtaining appropriate professional advice and assistance is always recommended.