Land transfer tax
Ontario charges a land transfer tax when you buy a home. Enter a price to see what you would pay on closing.
How the tax adds up
| $0 to $55,000 | 0.5% | $275.00 |
| $55,000 to $250,000 | 1.0% | $1,950.00 |
| $250,000 to $400,000 | 1.5% | $2,250.00 |
| $400,000 to $650,000 | 2.0% | $5,000.00 |
Ontario land transfer tax
$9,475
- Tax before any refund
- $9,475.00
- You pay on closing
- $9,475.00
For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.
How it works
How is Ontario land transfer tax worked out?
The tax rises in steps: 0.5% on the first $55,000, 1% up to $250,000, 1.5% up to $400,000, 2% up to $2 million, and 2.5% above that for a home with one or two single-family residences. Each rate applies only to the part of the price inside its bracket.
Do first-time buyers pay less?
Eligible first-time buyers get a refund of up to $4,000, which covers the full tax on a home up to $368,000. Your lawyer usually claims it when the deal closes.
Is there a second tax in Brantford or Norfolk?
No. Only Toronto adds a municipal land transfer tax. In Brantford, the County of Brant and Norfolk County you pay the provincial tax alone.
When is it paid?
On closing day, through your real estate lawyer, along with your other closing costs. Budget for it on top of your down payment. Questions? Send the team a message.
Numbers are the start. We do the rest.
Talk to the team about what you can afford, what homes are going for and how to put together a strong offer.
Call the team519-755-1180