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Land Transfer Tax
Land transfer tax is a provincial tax levied on every purchase of real estate and collected by your lawyer on closing to be forwarded to the government.
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LAND TRANSFER TAX
CALCULATION EFFECTIVE JANUARY 2007
$5.00 per $1000.00 up to $55,000
$10.00 per $1000.00 from $55,000 to $250,000
$15.00 per $1000.00 from $250,000 to $400,000
$20.00 per $1000.00 over $400,000
Another way to calculate this is $275 on the first
$55,000 + 1% on the difference up to $250,000.
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| Purchase Price |
Land Transfer Tax |
Purchase Price |
Land Transfer Tax |
Purchase Price |
Land Transfer Tax |
| $20,000 |
$100.00 |
$115,000 |
$875.00 |
$210,000 |
$1825.00 |
| $25,000 |
$125.00 |
$120,000 |
$925.00 |
$215,000 |
$1875.00 |
| $30,000 |
$150.00 |
$125,000 |
$975.00 |
$220,000 |
$1925.00 |
| $35,000 |
$175.00 |
$130,000 |
$1025.00 |
$225,000 |
$1975.00 |
| $40,000 |
$200.00 |
$135,000 |
$1075.00 |
$230,000 |
$2025.00 |
| $45,000 |
$225.00 |
$140,000 |
$1125.00 |
$235,000 |
$2075.00 |
| $50,000 |
$250.00 |
$145,000 |
$1175.00 |
$240,000 |
$2125.00 |
| $55,000 |
$275.00 |
$150,000 |
$1225.00 |
$245,000 |
$2175.00 |
| $60,000 |
$325.00 |
$155,000 |
$1275.00 |
$250,000 |
$2225.00 |
| $65,000 |
$375.00 |
$160,000 |
$1325.00 |
$255,000 |
$2300.00 |
| $70,000 |
$425.00 |
$165,000 |
$1425.00 |
$260,000 |
$2375.00 |
| $75,000 |
$475.00 |
$170,000 |
$1475.00 |
$270,000 |
$2525.00 |
| $80,000 |
$525.00 |
$175,000 |
$1525.00 |
$275,000 |
$2600.00 |
| $85,000 |
$575.00 |
$180,000 |
$1525.00 |
$280,000 |
$2625.00 |
| $90,000 |
$625.00 |
$185,000 |
$1575.00 |
$280,000 |
$2625.00 |
| $95,000 |
$675.00 |
$190,000 |
$1625.00 |
$285,000 |
$2750.00 |
| $100,000 |
$725.00 |
$195,000 |
$1675.00 |
$290,000 |
$2850.00 |
| $105,000 |
$775.00 |
$200,000 |
$1725.00 |
$295,000 |
$2900.00 |
| $110,000 |
$825.00 |
$205,000 |
$1775.00 |
$300,000 |
$2975.00 |
Click Here to view Part 2 - Land Transfer Tax Exemption for First-Time Buyers
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