Search results
Mar 4, 2024 · Use our calculator to identify Ontario land transfer tax rebates for your future home or condo and view up-to-date tax rates in Ontario.
- Jamie David
Jan 1, 2017 · This page provides general guidelines on the calculation of land transfer tax payable on every registration and disposition of land in Ontario. The information on this page does not replace the law found in the Land Transfer Tax Act (Act) and related regulations.
May 18, 2022 · Calculate land transfer tax for Ontario, including specific rates that apply only for Toronto. Find out about rebates for first-time home buyers and speculation tax for foreigners.
Use this Land Transfer Tax Calculator and learn more about Provincial Land Transfer Tax (PLTT) and Municipal Land Transfer Tax (MLTT) in Ontario and Toronto.
If satisfactory evidence is submitted to prove the existence of a trust, the value of the consideration for the conveyance of legal title from the parent to the child will be Nil and therefore, the land transfer tax is Nil. This is a conveyance from trustee to beneficial owner.
To calculate the total Ontario Land Transfer Tax for the purchase of Residential properties in Ontario, add the following together: 0.5% on the first $55,000 of the purchase price. 1.0% of the amount from $55,000 to $250,000. 1.5% of the amount in excess of $250,001 to $400,000.
People also ask
How much is land transfer tax in Ontario?
What is the Ontario land transfer tax rebate?
Do you pay land transfer tax on closing in Ontario?
Is land transfer tax a burden for first-time home buyers in Ontario?
What is land transfer tax?
How much land transfer tax will I get refunded?
Oct 22, 2024 · First-time home buyer rebate. If you’re a first-time homebuyer, you may be eligible for a rebate of up to $4,000 on the provincial land transfer tax. This rebate can significantly reduce or even eliminate your land transfer tax, depending on the price of the property.
