Provincial Land Transfer Tax
(Applies to all Ontario properties, including Toronto)
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
Toronto Land Transfer Tax
(Applies to Toronto properties only)
0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $400,000
plus 2.0% of the amount in excess of $400,000
OR
Use the following formula:
(Provincial land transfer tax only)
| 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)
OR
4. LTT Reference Table
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 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 (Applies to all | Toronto (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.
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