Land Transfer tax - Edison Samuel

The information contained on this page is for estimation purposes only and applies to the sale of Ontario Residential properties only. Your actual Ontario Land Transfer Tax should be independently calculated by your Realtor and verified. MyDaddyHomes shall have no liability for the accuracy of the information contained on this page.

What is Land Transfer tax? A levy charged to the purchaser of a property upon registration of the instrument of conveyance, usually a percentage of the purchase price. It is part of the closing costs of a home and is paid to the Provincial Government.

City Of Toronto Land Transfer Tax:

If you purchase a home in the City Of Toornto, you will have to pay a second land transfer tax on top of the Provincial land transfer tax at the following rates:

0.5% of the amount of the purchase price up to and including $55,000, plus
1% of the amount of the purchase price between $55,000 and $400,000, plus
2% of the amount of the purchase price above $400,000

First Time Buyers Alert!

First Time Buyers are now able to claim a refund of part of the Land Transfer Tax on resales homes, please contact MyDaddyHomes for details.