How Much Will Land Transfer Tax Be?

As of 2011, the Land Transfer Tax for those buying interest in Ontario is as follows:

  • Half-a-percent of the value of the consideration up to and including $55,000,
  • One percent of the value of the consideration exceeding $55,000, up to and including $250,000
  • One-and-a-half percent of the value of the consideration exceeding $250,000,
  • Two percent of the amount exceeding $400,000 for one and two family residences.

First time buyers may be exempt for some or all of the land transfer tax.

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