Calculating Land Transfer Tax

Base Calculation

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

OR use the following table (same results)

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)

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. Please note the Provincial Government does amend the LTT from time to time.

$55,000 $275
$60,000 $325
$65,000 $375
$70,000 $425
$75,000 $475
$80,000 $525
$85,000 $575
$90,000 $625
$95,000 $675
$100,000 $725
$105,000 $775
$110,000 $825
$115,000 $875
$120,000 $925
$125,000 $975
$130,000 $1,025
$135,000 $1,075
$140,000 $1,125
$145,000 $1,175
$150,000 $1,225
$155,000 $1,275
$160,000 $1,325
$165,000 $1,375
$170,000 $1,425
$175,000 $1,475
$180,000 $1,525
$185,000 $1,575
$190,000 $1,625
$195,000 $1,675
$200,000 $1,725
$205,000 $1,775
$210,000 $1,825
$215,000 $1,875
$220,000 $1,925
$225,000 $1,975
$230,000 $2,025
$235,000 $2,075
$240,000 $2,125
$245,000 $2,175
$250,000 $2,225
$255,000 $2,300
$260,000 $2,375
$265,000 $2,450
$270,000 $2,525
$275,000 $2,600
$280,000 $2,675
$285,000 $2,750
$290,000 $2,825
$295,000 $2,900
$300,000 $2,975
$305,000 $3,050
$310,000 $3,125
$315,000 $3,200
$320,000 $3,275
$325,000 $3,350
$330,000 $3,425
$335,000 $3,500
$340,000 $3,575
$345,000 $3,650
$350,000 $3,725
$400,000 $4,475
$450,000 $5,475
$500,000 $6,475
$550,000 $7,475
$600,000 $8,475
$650,000 $9,475
$700,000 $10,475
$750,000 $11,475
$800,000 $12,475
$850,000 $13,475
$900,000 $14,475
$950,000 $15,475
$1,000,000 $16,475
see calculation chart at top of page

For additional information please contact the Ontario Ministry of Finance (Mr. Ron Hogan 416-325-2175). The Toronto Real Estate Board, and Yossi Kaplan assume no responsibility for the accuracy or completeness of the information set out in this section.

For more information please contact:

Yossi Kaplan, MBA

Yossi

Yossi Kaplan is a Toronto Real Estate Agent, Mortgage Agent and a Real Estate investor. Call Yossi with any question regarding investing in and selling your Toronto Real Estate.

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