Ontario’s land transfer tax is charged as a percentage of the price paid for a property as follows:

• 0.5% up to and including $55,000
• 1.0% above $55,000 and up to $250,000
• 1.5% above $250,000 and up to $400,000
• 2.0% above $400,000
• 2.5% above $2,000,000 where the land includes 1 or 2 single family homes

If you are purchasing property in the city of Toronto, you will be required to pay a municipal property tax in addition to the provincial one.

By using our Ontario land transfer tax calculator, you can get a better understanding as to what to expect in regards to your situation.