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Buying Services
Purchase Expenses
Mortgages
Land Transfer
Tax
Quick Tips
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LAND
TRANSFER TAX
Provincial (outside
of the City of Toronto) For
Single Family or Two Family Homes
- Up to $55,000 -> 0.5%
- $55,001 to $250,000 -> 1%
minus $275
- $250,001 to $400,000 -> 1.5%
minus $1,525
- $400,001 & up -> 2% minus
$3,525
The first time buyer rebate will reduce the Land Transfer
Tax by up to $2,000 for principal residence.
City of Toronto
(including Provincial Tax)
For Single Family or Two
Family Homes
- Up to $55,000 -> 1%
- $55,001 to $250,000 -> 2%
minus $550
- $250,001 to $400,000 -> 2.5%
minus $4,275
- $400,001 & up -> 4% minus
$7,800
First time Buyers of principal residences in Toronto receive
rebate of up to $3,725 along with their Provincial rebate
of up to $2,000.
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