|
OR
2. 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
OR
3. 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 |
(.015 x Amount) minus 1,525
|
The following numbers are for reference
only. Your individual land transfer tax
calculation should be calculated and
verified by your solicitor. The following
chart is based on the Land Transfer Tax (LTT)
levied by the Province of Ontario as at May
1996. Please note the Provincial Government
does amend the LTT from time to time.
|
$55,000 |
$275 |
|
$60,000 |
$325 |
|
$65,000 |
$375 |
|
$70,000 |
$425 |
|
$75,000 |
$475 |
|
$80,000 |
$525 |
|
$85,000 |
$575 |
|
$90,000 |
$625 |
|
$95,000 |
$675 |
|
$100,000 |
$725 |
|
$105,000 |
$775 |
|
$110,000 |
$825 |
|
$115,000 |
$875 |
|
$120,000 |
$925 |
|
$125,000 |
$975 |
|
$130,000 |
$1,025 |
|
$135,000 |
$1,075 |
|
$140,000 |
$1,125 |
|
$145,000 |
$1,175 |
|
$150,000 |
$1,225 |
|
$155,000 |
$1,275 |
|
$160,000 |
$1,325 |
|
$165,000 |
$1,375 |
|
$170,000 |
$1,425 |
|
$175,000 |
$1,475 |
|
$180,000 |
$1,525 |
|
$185,000 |
$1,575 |
|
$190,000 |
$1,625 |
|
$195,000 |
$1,675 |
|
$200,000 |
$1,725 |
|
$205,000 |
$1,775 |
|
$210,000 |
$1,825 |
|
$215,000 |
$1,875 |
|
$220,000 |
$1,925 |
|
$225,000 |
$1,975 |
|
$230,000 |
$2,025 |
|
$235,000 |
$2,075 |
|
$240,000 |
$2,125 |
|
$245,000 |
$2,175 |
|
$250,000 |
$2,225 |
|
$255,000 |
$2,300 |
|
$260,000 |
$2,375 |
|
$265,000 |
$2,450 |
|
$270,000 |
$2,525 |
|
$275,000 |
$2,600 |
|
$280,000 |
$2,675 |
|
$285,000 |
$2,750 |
|
$290,000 |
$2,825 |
|
$295,000 |
$2,900 |
|
$300,000 |
$2,975 |
|
$305,000 |
$3,050 |
|
$310,000 |
$3,125 |
|
$315,000 |
$3,200 |
|
$320,000 |
$3,275 |
|
$325,000 |
$3,350 |
|
$330,000 |
$3,425 |
|
$335,000 |
$3,500 |
|
$340,000 |
$3,575 |
|
$345,000 |
$3,650 |
|
$350,000 |
$3,725 |
|
$400,000 |
$4,475 |
|
see calculation chart at top of
page |
The CanadaRealty.org assumes no responsibility for the
accuracy or completeness of the information set out in this
section. |