Canada
Land transfer tax calculator
Provincial and municipal land transfer tax with first-time buyer rebates.
In short
Ontario land transfer tax is charged in marginal brackets: 0.5 per cent on the first $55,000, 1 per cent to $250,000, 1.5 per cent to $400,000, 2 per cent to $2 million and 2.5 per cent above that. On an $800,000 home the provincial tax is $12,475. Toronto charges a second municipal tax of the same amount.
Questions
How much is land transfer tax on an $800,000 home?
Outside Toronto, $12,475 in provincial tax. Inside Toronto, $24,950 in combined provincial and municipal tax. A first-time buyer pays $8,475 outside Toronto and $16,475 inside it.
Do first-time buyers pay land transfer tax?
Yes, but they receive a rebate of up to $4,000 provincially and up to $4,475 municipally in Toronto. Below roughly $368,000 the provincial rebate covers the tax entirely.