Land Transfer Tax Calculator

Land transfer tax rates

The tax rates calculated on the value of the consideration are:

  • 0.5% up to and including $55,000
  • 1% above $55,000 up to and including $250,000
  • 1.5% above $250,000
  • 2% above $400,000 where the land contains one or two single family residences.

The land transfer tax rate is the same for residents and non-residents of Canada.

Calculating the tax amount

Use the table below to calculate land transfer tax.

  • Residential property: land that contains one or two single family residences
  • VC: Value of the consideration for the conveyance or disposition
  • LTT: Land transfer tax payable

Ontario land transfer tax rebate in Ontario

For first time home buyers, there is a maximum $2,000 tax rebate on the Ontario land transfer tax. Based on Ontario’s land transfer tax rates, this rebate will cover the full tax for homes worth up to $227,500. For homes worth more than $227,500, buyers will only receive the full $2,000 rebate.

First-time home buyer eligibility in Ontario

  • You must be 18 years or older.
  • You must occupy the home within 9 months of purchase.
  • You cannot have owned a home or interest in a home anywhere in the world.
  • Your spouse cannot have owned a home while being your spouse (but may be a previous home owner).
  • If the home is newly constructed, it must be eligible for home warranty.
  • Home buyers must apply for the refund within 18 months of purchase.