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Lome Irwin Real Estate Team

Real Estate Team

The following numbers are for a reference guide only. Your individual land transfer tax calculation should be calculated and verified by your solicitor.

Ontario Land Transfer Tax

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 from $250,001 to $400,000
  • Plus 2% of the amount from $400,001 to $2,000,000
  • Plus 2.5% of the amount exceeding $2,000,000