Land Transfer
25 years
Toronto, Ontario
Ontario’s land transfer tax is calculated based on the property value. The first $55K at 0.5%, then from $55K to $250K at 1%, the remaining up to $400K at 1.5%, and the remaining balance up to $2M at 2%. Above $2M: 2.5%.
Toronto also has a municipal tax that mirrors the provincial one. Ontario provides a $4,000 rebate for first-time buyers, and Toronto offers the same.
Land Transfer
$12950
Provincial+$6475
Municipal+$6475
Total Rebate-$0