Ontario Land Transfer Tax Explained

• 0.5% - on the first $55,000
• 1.0% - on portion between $55,000 - $250,000
• 1.5% - on balance over $250,000
• 2.0% - on anything over $400,000
Qualifying first time buyers receive up to a $2000 credit

Toronto Land Transfer Tax Explained

• 0.5% - on the first $55,000
• 1.0% - on portion between $55,000 - $400,000
• 2.0% - on anything over $400,000
First time buyers are exempt on the first $400,000