How It Works
Ontario Land Transfer Tax
0.5% on the first $55 000
1.0% on portion between $55 000 – $250 000
1.5% on the portion between $250 000 - $400 000
2.0% on the portion between $400 000 - $2 000 000
2.5% on anything exceeding $2 000 000
Qualifying first-time buyers will receive a $2000 credit
Toronto Land Transfer Tax
0.5% on the first $55 000
1.0% on portion between $55 000 – $250 000
1.5% on the portion between $250 000 - $400 000
2.0% on the portion between $400 000 - $2 000 000
2.5% on anything exceeding $2 000 000
First-time buyers are exempt on the first $400 000