ONTARIO LAND TRANSFER TAX

 

$55,000 - $250,000 … price x 1 % MINUS $ 275
$250,001 - $400,000 …price x 1.5%
MINUS $1,525
Over $400,000 ……… price x 2 %
MINUS $3,525

 

Maximum Provincial LTT rebate for first time home buyers is $2,000.00

 

 

TORONTO LAND TRANSFER TAX

 

APPLIES ONLY TO PROPERTIES PURCHASED IN THE CITY OF TORONTO

 

Up to & Including $55,000….price x 0.5%
Exceeding $55,000 & up to $400,000….price x 1%
 MINUS $275.00
Exceeding $400,000…price x 2%
MINUS $4,275.00

 

Maximum Toronto LLT rebate for first time home buyers is $3725.00