Land Transfer Tax Formula for Ontario (Excluding Toronto)
Land Transfer Tax Rebates: First Time Home Buyers
| Price Of Home |
Calculation of land Transfer Tax |
| $0-$55,000 |
(0.005 x Price of Home) |
| $55,0001 - $250,000 |
(0.010 x Price of Home) - $275 |
| $250,001 - $400,000 |
(0.015 x Price of Home) - $1525 |
| $400,000 and up |
(0.020 x Price of Home) - $3525 |
Land Transfer Tax Rebates: First Time Home Buyers
If you are a first time home buyer in Ontario you are eligible for rebates for Provincial Land Transfer Tax. If two people are going on title together, both parties must be buying for their first time. Provincial Land Transfer Tax 1st Time buyer rebate maximum $2,000.
Homes Sale Price = Land Transfer Tax Buyer is Required to Pay
$55,000 = $275 $205,000 = $1775
$60,000 = $325 $210,000 = $1825
$65,000 = $375 $215,000 = $1875
$70,000 = $425 $220,000 = $1925
$75,000 = $475 $225,000 = $1975
$80,000 = $525 $230,000 = $2025
$85,000 = $575 $235,000 = $2075
$90,000 = $625 $240,000 = $2125
$95,000 = $675 $245,000 = $2175
$100,000 = $725 $250,000 = $2225
$105,000 = $775 $255,000 = $2300
$110,000 = $825 $260,000 = $2375
$115,000 = $875 $270,000 = $2450
$120,000 = $925 $275,000 = $2525
$125,000 = $975 $280,000 = $2675
$130,000 = $1025 $285,000 = $2750
$135,000 = $1075 $290,000 = $2825
$140,000 = $1125 $295,000 = $2900
$145,000 = $1175 $300,000 = $2975
$150,000 = $1225 $305,000 = $3050
$155,000 = $1275 $310,000 = $3125
$160,000 = $1325 $315,000 = $3200
$165,000 = $1375 $320,000 = $3275
$170,000 = $1425 $325,000 = $3350
$175,000 = $1475 $350,000 = $3750
$180,000 = $1525 $400,000 = $4475
$185,000 = $1575 $450,000 = $5475
$190,000 = $1625 $500,000 = $6475
$195,000 = $1675 $1,000,000 = $16,475
$200,000 = $1725
