Your search results

Land Transfer Tax Calculator

Ontario Land Transfer Tax Calculator

Mortgage calculator by ratehub.ca

Questions? Give me a call, I’d be happy to help! 519-821-3600

Land Transfer Calculator

Tax Rates1

Purchase Price of Home Marginal Tax Rate
First $55,000 0.5%
On $55,000 to $250,000 1.0%
On $250,001 to $400,000 1.5%
On $400,001 to $2,000,000 2.0%
Over $2,000,000 2.5%

Eligibility

  • The buyer must be older than 18 years
  • The buyer must occupy the home within nine months of purchase
  • The buyer cannot have owned a home anywhere in the world
  • The buyer’s spouse cannot have owned a home while being your spouse
  • If you are purchasing a new home, it must be eligible for home warranty

Based on Ontario land transfer tax rates, the rebate will cover the fully taxed amount on houses up to $227,500. For houses over $227,500, homebuyers will receive the maximum $4,000 rebate. To obtain this refund, you need to apply within 18 months after the purchase of the home.

Check out our mortgage calculator

Watch the video to see how land transfer tax is calculated in Ontario

Ontario first-time homebuyer land transfer tax rebate2

The Ontario land transfer tax rebate is equal to the full value of the land transfer tax up to a maximum of $4,000

References and Notes

  1. Ontario Ministry of Finance – Calculating Land Transfer Tax 
  2. Ontario Ministry of Finance – Land Transfer Tax Refunds for First-Time Homebuyers