Land Transfer Tax Calculation -- Residential

To calculate the total LTT payable for residential properties, add the following together:

0.5% on the first $55,000

plus 1.0% of the amount from $55,001 to $250,000

plus 1.5% of the amount in excess of $250,001 to $400,000

plus 2.0% of the amount in excess of $400,000

OR

use the following table:

Purchase Price

Calculation of LTT

0 - 55,000

.005 x Amount

55,001 - 250,000

(.01 x Amount) minus 275

250,001 - 400,000

(.015 x Amount) minus 1,525

400,000 +

(.02 x Amount) minus 3,525

If the purchase price falls within this range, then apply formula to purchase price

(e.g. on a $175,000 home (.01 X 175,000) minus 275=LTT)

The following numbers are for reference only. Your individual land transfer tax calculation should be calculated and verified by your solicitor. The following chart is based on the Land Transfer Tax (LTT) levied by the Province of Ontario as at May 1996. Please note the Provincial Government does amend the LTT from time to time.

$55,000

-

$275

$60,000

-

$325

$65,000

-

$375

$70,000

-

$425

$75,000

-

$475

$80,000

-

$525

$85,000

-

$575

$90,000

-

$625

$95,000

-

$675

$100,000

-

$725

$105,000

-

$775

$110,000

-

$825

$115,000

-

$875

$120,000

-

$925

$125,000

-

$975

$130,000

-

$1,025

$135,000

-

$1,075

$140,000

-

$1,125

$145,000

-

$1,175

$150,000

-

$1,225

$155,000

-

$1,275

$160,000

-

$1,325

$165,000

-

$1,375

$170,000

-

$1,425

$175,000

-

$1,475

$180,000

-

$1,525

$185,000

-

$1,575

$190,000

-

$1,625

$195,000

-

$1,675

$200,000

-

$1,725

$205,000

-

$1,775

$210,000

-

$1,825

$215,000

-

$1,875

$220,000

-

$1,925

$225,000

-

$1,975

$230,000

-

$2,025

$235,000

-

$2,075

$240,000

-

$2,125

$245,000

-

$2,175

$250,000

-

$2,225

$255,000

-

$2,300

$260,000

-

$2,375

$265,000

-

$2,450

$270,000

-

$2,525

$275,000

-

$2,600

$280,000

-

$2,675

$285,000

-

$2,750

$290,000

-

$2,825

$295,000

-

$2,900

$300,000

-

$2,975

$305,000

-

$3,050

$310,000

-

$3,125

$315,000

-

$3,200

$320,000

-

$3,275

$325,000

-

$3,350

$330,000

-

$3,425

$335,000

-

$3,500

$340,000

-

$3,575

$345,000

-

$3,650

$350,000

-

$3,725

$400,000

-

$4,475

$450,000

-

$5,475

$500,000

-

$6,475

$550,000

-

$7,475

$600,000

-

$8,475

$650,000

-

$9,475

$700,000

-

$10,475

$750,000

-

$11,475

$800,000

-

$12,475

$850,000

-

$13,475

$900,000

-

$14,475

$950,000

-

$15,475

$1,000,000

-

$16,475

see calculation chart at top of page

For additional information please contact the Ontario Ministry of Finance (Mr. Ron Hogan 416-325-2175). The Toronto Real Estate Board assumes no responsibility for the accuracy or completeness of the information set out in this section.

 

GR 11/99