York Region Real Estate Board (YRREB)

Text Box: L A N D T R A N S F E R T A X Land Transfer Tax is a tax imposed on real property. Calculated on the value of the property being registered in a land registration office. NOTE: This example is for the PROVINCE of ONTARIO. 0.5% on the first $55,000 1.0% on portion between $55,000 - $250,000 1.5% on balance over $250,000 If the land falls under the definition of single-family and duplex residences, an additional tax of 0.5% applies to consideration over $400,000. Example: A single-family home is purchased for $450,000. The following calculation applies: $0-$55,000 .005 x $55,000 = 275 $55,000-$250,000 .01 x $195,000 = 1,950 $250,000-$400,000 .015 x $150,000 = 2,250 $400,000 plus (.015 + .005) x $50,000 = 1,000 Total Land Transfer Tax Payable $5,475

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