Ontario Land Transfer Tax
0.5% – first $55,000
1.0% – between $55,000 – $250,000
1.5% – between $250,000 – $400,000
2.0% – between $400,000 – $2,000,000
2.5% – over $2,000,000
Qualifying first time home buyers receive a $4,000 credit
Toronto Land Transfer Tax
0.5% – first $55,000
1.0% – between $55,000 – $250,000
1.5% – between $250,000 – $400,000
2.0% – between $400,000 – $2,000,000
2.5% – over $2,000,000
The maximum rebate for eligible First-time buyers is $4,475 and are exempt on the first $400,000