Mike McMahon
Broker
homesbymike@gmail.com

RE/MAX Jazz Inc.
Brokerage
Independently owned and operated

21 Drew St
Oshawa, Ontario L1H 4Z7


Phone: 905-240-4000
Fax: 905-436-1745
Toll: 1-888-732-1600

Use the form below to calculate the amount of land transfer tax you will have to pay.  Land transfer tax is applied on the sale price only.

 

Land Transfer Tax Calculator

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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 $4000 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

Mike McMahon Broker

RE/MAX Jazz Inc. Brokerage

Independently owned and operated

21 Drew St, Oshawa Ontario, L1H 4Z7

Phone: 905-240-4000

Fax: 905-436-1745

Toll: 1-888-732-1600

homesbymike@gmail.com

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