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To calculate the total LTT payable for residential properties, add
the following together: 0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $250,000
plus 1.5% of the amount in excess of $250,001 to $400,000
plus 2.0% of the amount in excess of $400,000
OR use the following table:
| Purchase Price |
Calculation of LTT |
| 0 - 55,000 |
.005 x Amount |
| 55,001 - 250,000 |
(.01 x Amount) minus 275 |
| 250,001 - 400,000 |
(.015 x Amount) minus 1,525 |
| 400,000 + |
(.02 x Amount) minus 3,525 |
If the purchase price falls within this range, then apply formula to purchase
price
(e.g. on a $175,000 home (.01 X 175,000) minus 275=LTT)
The following numbers are for reference only. Your individual land transfer
tax calculation should be calculated and verified by your solicitor. The
following chart is based on the Land Transfer Tax (LTT) levied by the Province
of Ontario as at May 1996. Please note the Provincial Government does amend the
LTT from time to time.
| $55,000 |
- |
$275 |
| $60,000 |
- |
$325 |
| $65,000 |
- |
$375 |
| $70,000 |
- |
$425 |
| $75,000 |
- |
$475 |
| $80,000 |
- |
$525 |
| $85,000 |
- |
$575 |
| $90,000 |
- |
$625 |
| $95,000 |
- |
$675 |
| $100,000 |
- |
$725 |
| $105,000 |
- |
$775 |
| $110,000 |
- |
$825 |
| $115,000 |
- |
$875 |
| $120,000 |
- |
$925 |
| $125,000 |
- |
$975 |
| $130,000 |
- |
$1,025 |
| $135,000 |
- |
$1,075 |
| $140,000 |
- |
$1,125 |
| $145,000 |
- |
$1,175 |
| $150,000 |
- |
$1,225 |
| $155,000 |
- |
$1,275 |
| $160,000 |
- |
$1,325 |
| $165,000 |
- |
$1,375 |
| $170,000 |
- |
$1,425 |
| $175,000 |
- |
$1,475 |
| $180,000 |
- |
$1,525 |
| $185,000 |
- |
$1,575 |
| $190,000 |
- |
$1,625 |
| $195,000 |
- |
$1,675 |
| $200,000 |
- |
$1,725 |
| $205,000 |
- |
$1,775 |
| $210,000 |
- |
$1,825 |
| $215,000 |
- |
$1,875 |
| $220,000 |
- |
$1,925 |
| $225,000 |
- |
$1,975 |
| $230,000 |
- |
$2,025 |
| $235,000 |
- |
$2,075 |
| $240,000 |
- |
$2,125 |
| $245,000 |
- |
$2,175 |
| $250,000 |
- |
$2,225 |
| $255,000 |
- |
$2,300 |
| $260,000 |
- |
$2,375 |
| $265,000 |
- |
$2,450 |
| $270,000 |
- |
$2,525 |
| $275,000 |
- |
$2,600 |
| $280,000 |
- |
$2,675 |
| $285,000 |
- |
$2,750 |
| $290,000 |
- |
$2,825 |
| $295,000 |
- |
$2,900 |
| $300,000 |
- |
$2,975 |
| $305,000 |
- |
$3,050 |
| $310,000 |
- |
$3,125 |
| $315,000 |
- |
$3,200 |
| $320,000 |
- |
$3,275 |
| $325,000 |
- |
$3,350 |
| $330,000 |
- |
$3,425 |
| $335,000 |
- |
$3,500 |
| $340,000 |
- |
$3,575 |
| $345,000 |
- |
$3,650 |
| $350,000 |
- |
$3,725 |
| $400,000 |
- |
$4,475 |
| $450,000 |
- |
$5,475 |
| $500,000 |
- |
$6,475 |
| $550,000 |
- |
$7,475 |
| $600,000 |
- |
$8,475 |
| $650,000 |
- |
$9,475 |
| $700,000 |
- |
$10,475 |
| $750,000 |
- |
$11,475 |
| $800,000 |
- |
$12,475 |
| $850,000 |
- |
$13,475 |
| $900,000 |
- |
$14,475 |
| $950,000 |
- |
$15,475 |
| $1,000,000 |
- |
$16,475 |
| see
calculation chart at top of page |
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