Lake Simcoe Cottages

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  • 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. CALCULATION Currently, the land transfer tax in Ontario is as follows: 0.5%  on the first $55,000 1.0%  on the portion between ...
    Posted to Anna Belyntseva (Weblog) by 756424 on March 3, 2011