LAND TRANSFER TAX TORONTO CALCULATOR 2019

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Who Pays Toronto Land Transfer Tax?

Toronto real estate BUYERS pay Land Transfer Tax. Sellers never have to pay Toronto Land Transfer Tax on the sale of their property. Use our Land Transfer Tax Toronto calculator 2019 above.

First-Time buyers may be eligible for the first-time home buyer Land Transfer Tax Rebate in Ontario.

Read: First-Time Home Buyer Land Transfer Tax Rebate 2019

When Do You Pay Toronto Land Transfer Tax?

Land Transfer Tax is paid on the day of closing.

On a Toronto resale property, the closing date is shortly after the offer has been accepted. This can be a few days or a few weeks.

On a Toronto pre-construction property, the closing date is typically three to four years later when the building is complete. Purchasers will be notified minimum 21 days ahead of the closing date to prepare their closing expenses and other finances.

How Much is Land Transfer Tax in Toronto, Ontario in 2019?

In Toronto real estate buyers are hit with both the Land Transfer Tax Ontario (provincial) and Land Transfer Tax Toronto (municipal) payments. You can use the chart below for how to calculate your Toronto land transfer tax, but the calculation gets a bit confusing so for simplicity it’s best to use our 2019 Land Transfer Tax Toronto Calculator above.

Ontario Land Transfer Tax Rate 2019:

Up to and including $55,000: 0.5%
$55,000 up to and including $250,000: 1.0%
$250,000 up to and including $400,000: 1.5%
$400,000 to $2,000,000: 2.0%
Over $2,000,000: 2.5%

Toronto Land Transfer Tax Rate 2019:

Up to and including $55,000: 0.5%
$55,000 up to and including $250,000: 1.0%
$250,000 up to and including $400,000: 1.5%
$400,000 to $2,000,000: 2.0%
Over $2,000,000: 2.5%

Calculate what you’ll owe with our 2019 Land Transfer Tax Toronto Calculator above.

Additional First Time Buyer Rebates:

If you’re a first-time buyer, you may also be eligible for the First Time Home Buyer Tax Credit. Visit our First-Time Buyer Rebates page to learn more.

Land Transfer Tax Ontario Exemptions

There’s an exception to every rule and when it comes to family, Ontario may waive your land transfer fee. Instances where you may be exempt from Land Transfer Tax are:

  • Land transfers between spouses
  • Land transfers from a person to the family business
  • Land transfers of farming property between family members

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