J. Scott Wilson Sales Representative Bosley Real Estate, Ltd., Brokerage
Land Transfer Tax Ontario Residential Land Transfer Tax Rates
Purchase Price Tax Applied Purchase Price Tax Applied $55,000 $275 $550,000 $7,475 $75,000 $475 $600,000 $8,475 $100,000 $725 $650,000 $9,475 $125,000 $975 $700,000 $10,475 $150,000 $1,225 $750,000 $11,475 $175,000 $1,475 $800,000 $12,475 $200,000 $1,725 $850,000 $13,475 $225,000 $1,975 $900,000 $14,475 $250,000 $2,225 $950,000 $15,475 $275,000 $2,600 $1,000,000 $16,475 $300,000 $2,975 $1,100,000 $18,475 $325,000 $3,350 $1,200,000 $20,475 $350,000 $3,725 $1,300,000 $22,475 $375,000 $4,100 $1,400,000 $24,475 $400,000 $4,475 $1,500,000 $26,475 $425,000 $4,975 $1,750,000 $31,475 $450,000 $5,475 $2,000,000 $36,475 $475,000 $5,975 $2,500,000 $46,475 $500,000 $6,475 $3,000,000 $56,475
The formula for calculating the total land transfer tax is as follows: 0.5% on the first $55,000 Plus 1% 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% of the amount in excess of $400,001