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Mordie Burg Toronto, GTA York Region, Thornhill, Richmond Hill, ON Cell: 416-230-1250
Fax: (905) 889-3322
Toll-Free: 1-800-561-8500
Work Phone: (905) 889-2200
Email Mordie
RESIDENTIAL LAND TRANSFER*
 
 
 
 

Purchase Price

Calculation of Land Transfer Tax

0 to $55,000

.005 x Amount

$55,001 to $250,000

(.01 x Amount) minus 275

$250,001 to $400,000

(.015 x Amount) minus 1,525

Greater than $400,000

(.02 x Amount) minus 3,525

Example:   Purchase Price = $275,000

Land Transfer Tax =  (.015 x $275,000) minus $1,525  =  $2,600

 

 

     COMMERCIAL LAND TRANSFER*

 

Purchase Price

Calculation of Land Transfer Tax

0 to $55,000

.005 x Amount

$55,001 to $250,000

(.01 x Amount) minus 275

Greater than $250,000

(.015 x Amount) minus 1,525

Example:          Purchase Price = $375,000

Land Transfer Tax =  (.015 x $375,000) minus $1,525  =  $4,100

 

 

 

*Figures in Canadian Dollars

 

Homelife/Bayview Realty Inc., Brokerage

(905)8892200