| New
Land Transfer Tax for the City of Toronto
Click here for details on this new Land Transfer Tax
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,
and the New City of Toronto land transfer tax, which takes
effect on February 1, 2008. Please note that the provincial
and Toronto land transfer taxes can be amended by the
Province and Toronto City Council.
|
Purchase Price |
Provincial
LTT
(Applies to all
Ontario Properties,
including Toronto) |
Toronto
LTT
(Applies to Toronto
Properties only) |
| $55,000
|
$275
|
$275
|
| $60,000
|
$325
|
$325
|
| $65,000
|
$375
|
$375
|
| $70,000
|
$425
|
$425
|
| $75,000
|
$475
|
$475
|
| $80,000
|
$525
|
$525
|
| $85,000
|
$575
|
$575
|
| $90,000
|
$625
|
$625
|
| $95,000
|
$675
|
$675
|
| $100,000
|
$725
|
$725
|
| $105,000
|
$775
|
$775
|
| $110,000
|
$825
|
$825
|
| $115,000
|
$875
|
$875
|
| $120,000
|
$925
|
$925
|
| $125,000
|
$975
|
$975
|
| $130,000
|
$1,025
|
$1,025
|
| $135,000
|
$1,075
|
$1,075
|
| $140,000
|
$1,125
|
$1,125
|
| $145,000
|
$1,175
|
$1,175
|
| $150,000
|
$1,225
|
$1,225
|
| $155,000
|
$1,275
|
$1,275
|
| $160,000
|
$1,325
|
$1,325
|
| $165,000
|
$1,375
|
$1,375
|
| $170,000
|
$1,425
|
$1,425
|
| $175,000
|
$1,475
|
$1,475
|
| $180,000
|
$1,525
|
$1,525
|
| $185,000
|
$1,575
|
$1,575
|
| $190,000
|
$1,625
|
$1,625
|
| $195,000
|
$1,675
|
$1,675
|
| $200,000
|
$1,725
|
$1,725
|
| $205,000
|
$1,775
|
$1,775
|
| $210,000
|
$1,825
|
$1,825
|
| $215,000
|
$1,875
|
$1,875
|
| $220,000
|
$1,925
|
$1,925
|
| $225,000
|
$1,975
|
$1,975
|
| $230,000
|
$2,025
|
$2,025
|
| $235,000
|
$2,075
|
$2,075
|
| $240,000
|
$2,125
|
$2,125
|
| $245,000
|
$2,175
|
$2,175
|
| $250,000
|
$2,225
|
$2,225
|
| $255,000
|
$2,300
|
$2,275
|
| $260,000
|
$2,375
|
$2,325
|
| $265,000
|
$2,450
|
$2,375 |
| $270,000
|
$2,525
|
$2,425
|
| $275,000
|
$2,600
|
$2,475
|
| $280,000
|
$2,675
|
$2,525
|
| $285,000
|
$2,750
|
$2,575
|
| $290,000
|
$2,825
|
$2,625
|
| $295,000
|
$2,900
|
$2,675
|
| $300,000
|
$2,975
|
$2,725
|
| $305,000
|
$3,050
|
$2,775
|
| $310,000
|
$3,125
|
$2,825
|
| $315,000
|
$3,200
|
$2,875
|
| $320,000
|
$3,275
|
$2,925
|
| $325,000
|
$3,350
|
$2,975
|
| $330,000
|
$3,425
|
$3,025
|
| $335,000
|
$3,500
|
$3,075
|
| $340,000
|
$3,575
|
$3,125
|
| $345,000
|
$3,650
|
$3,175
|
| $350,000
|
$3,725
|
$3,225
|
| $400,000
|
$4,475
|
$3,725
|
| $450,000
|
$5,475
|
$4,725
|
| $500,000
|
$6,475
|
$5,725
|
| $550,000
|
$7,475
|
$6,625 |
| $600,000
|
$8,475
|
$7,725
|
| $650,000
|
$9,475
|
$8,725
|
| $700,000
|
$10,475
|
$9,725
|
| $750,000
|
$11,475
|
$10,725
|
| $800,000
|
$12,475
|
$11,725
|
| $850,000
|
$13,475
|
$12,725
|
| $900,000
|
$14,475
|
$13,725
|
| $950,000
|
$15,475
|
$14,725
|
|
$1,000,000 |
$16,475
|
$15,725
|
|
see calculation chart
at top of page |
For additional information
please contact the Ontario Ministry of Finance at
905-433-6361 (for provincial land transfer tax questions) or
the City of Toronto at 416-338-0338 (for Toronto land
transfer tax questions). The Toronto Real Estate Board
assumes no responsibility for the accuracy or completeness
of the information set out in this section. |
