Use the Calculator below to figure out the land transfer tax on your purchase:

Land Transfer Tax Calculator

Purchase Price:	$
I am a first time home buyer
I am purchasing a property located in Toronto
Total Land Transfer Tax:	$

Ontario Land Transfer Tax Explained

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $250,000
1.5% - on balance over $250,000
2.0% - on anything over $400,000
Qualifying first time buyers receive up to a $2000 credit

Toronto Land Transfer Tax Explained

0.5% - on the first $55,000
1.0% - on portion between $55,000 - $400,000
2.0% - on anything over $400,000
First time buyers are exempt on the first $400,000

Don't forget about other closing costs - such as lawyers fees and moving!