Land Transfer Tax Details

How land transfer tax works

Land transfer taxes are levied on properties changing hands and are the buyer's responsibility. Depending on where you live, they range from about half a percent to two percent of the purchase price.

Many provinces use a multi-tiered system. For example, a $300,000 Ontario property is charged 0.5% on the first $55,000, 1% from $55,000–$250,000, and 1.5% from $250,000–$400,000 — for a total of $2,975.

Ontario land transfer tax rates

• Up to $55,000 — 0.5% of purchase price
• $55,000 to $250,000 — 1.0% of purchase price
• $250,000 to $400,000 — 1.5% of purchase price
• $400,000 and up — 2.0% of purchase price

Tip: try our Ontario Land Transfer Tax calculator on the Calculators page to estimate your exact amount, and ask about the first-time buyer rebate.

Other provinces (for reference)

• British Columbia (Property Purchase Tax): 1% up to $200,000, 2% above.
• Manitoba: nil up to $30,000, 0.5% to $90,000, 1% to $150,000, 1.5% above.
• Quebec: 0.5% up to $50,000, 1% to $250,000, 1.5% above.
• Halifax Metro: 1.5% of purchase price (check your local municipality outside Halifax County).

Alberta, Saskatchewan and rural Nova Scotia do not charge a land transfer tax.