Toronto Real Estate Land Transfer Tax
Residential Properties
To calculate the total LTT payable for residential properties, add the following together:
0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $250,000
plus 1.5% of the amount in excess of $250,001 to $400,000
plus 2.0% of the amount in excess of $400,000
OR
use the following table:
Purchase Price | Calculation of LTT |
0 - 55,000 | .005 x Amount |
55,001 - 250,000 | (.01 x Amount) minus 275 |
250,001 - 400,000 | (.015 x Amount) minus 1,525 |
400,000 + | (.02 x Amount) minus 3,525 |
If the purchase price falls within this range, then apply formula to purchase price
(e.g. on a $175,000 home (.01 X 175,000) minus 275=LTT)
