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Anna Belyntseva

Georgina, Keswick property buy and sell blog

Land Transfer Tax

Land transfer tax is assessed on real property when a deed is registered transferring ownership of the property from one party to another. The tax uses a sliding scale of percentages based on property value.


Currently, the land transfer tax in Ontario is as follows:
0.5%  on the first $55,000
1.0%  on the portion between $55,000-$250,000
1.5%  on balance over $250,000

Example: Land Transfer Tax Calculation

A single-family home is purchased for $ 450,000. The following calculation applies:
$0-$55,000              .005x$55,000                  =275
$55,000-$250,000   .01x$195,000                =1,950
$250,000-$400,000 .015x$150,000              =2,250
$400,000 plus         (.015+.005)x$50,000     =1,000
Land Transfer Tax Payable                            $5,475

Published Thursday, March 3, 2011 1:38 PM by Anna Belyntseva
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Michael said:

Very useful info. Hard to find over internet.

Thank you, Anna

August 19, 2011 1:10 PM

Mattie Osborne said:

Hey Anna Belyntseva, I believe that people at the would love to visit this property and decide on expanding their business and related activities

May 19, 2018 1:36 AM

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