Ontario Land Transfer Tax for Residential Properties
for example purposes only. For exact amounts please contact your solicitor since some cities have different Land Transfer Tax Rate
0.5 - on the first $55,000, plus
1.0 - on portion between $55,000 - $250,000, plus
1.5 - on balance over $250,000, plus
2.0 - on anything over $400,000
Be aware that for non-residential properties, such as industrialcommercial real estate, there is no 2 charge since the tax rate is 1.5 for any amount of purchase price over $250,000 regardless of the total price.
ALSO, if you are a first time purchaser buying a resale home or a new home from a builder, you may be eligible for a refund of Ontario Land Transfer Tax ordinarily payable.