Re/Max North Country Realty Inc. * Brokerage
75 West Road, Huntsville, Ontario, P1H 1T4
Direct - 1-705-788-8081
email - sunsets@waterfrontmuskoka.com 

(
* independently owned and operated)


  SELLING
* Waterfront
* Cottages
* Residential
* Hunt Camps
* Acreages
* Lots
* Resorts



(Broker)
Email Me
Residence
1-705-636-0168

How to calculate the Land Transfer Tax in the Province of Ontario.

All prices are in Canadian Dollars

Land Transfer Tax for the Province of Ontario
NOTE: You must now check with the city or municipality in which you are purchasing to see if there is an additional, local tax.
(for example purposes only. For exact amounts please contact your solicitor)

If you are a First Time Home Buyer, Check out this page
Reduction in first home purchase, Land Transfer Tax - 2009 

For residential properties

Purchase Price

Calculation of Land Transfer Tax

0 to $55,000
Amount x .005
$55,001 to $250,000
(Amount x .01) minus $275
$250,001 to $400,000
(Amount x .015) minus $1,525
Greater than $400,000
(Amount x .02) minus $3,525

Examples
Land Transfer Tax = ($50,000 x .005) = $250.00
Land Transfer Tax = ($200,000 x .01) minus $275 = $1,725.00
Land Transfer Tax =  ($275,000 x .015) minus $1,525  =  $2,600
Land Transfer Tax = ($450,000 x .02) minus $3,525 = $5,475.00

For commercial properties

Purchase Price Calculation of Land Transfer Tax
0 to $55,000
Amount x .005
$55,001 to $250,000
(Amount x .01) minus 275
Greater than $250,000
(Amount x .015) minus 1,525

Example:          Purchase Price = $375,000

Land Transfer Tax =  ($375,000 x .015) minus $1,525  =  $4,100.00

 
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Neither Re/Max North Country Realty Inc.* (brokerage), nor Ken Mashinter (broker), assumes any liability for any inaccuracies contained on this website.  All viewers are encouraged to satisfy themselves to all information contained herein. No information on this website is to be copied or used without the express written authority of the brokerage (named at the top of this page, as well as Ken Mashinter (broker))