Land transfer taxes (LTT) are fees paid to the provincial or municipal governments (or both) on closing when property is acquired.
Land Transfer Tax: $0.00
Ontario
| From | To | Tax rate |
|---|---|---|
| $0.00 | $55,000.00 | 0.50% |
| $55,000.00 | $250,000.00 | 1.00% |
| $250,000.00 | $400,000.00 | 1.50% |
| $400,000.00 | $2,000,000.00 | 2.00% |
| $2,000,000.00 | $0.00 | 2.50% |
If you're a first-time-homebuyer you may be eligible for a rebate in: Ontario (and Toronto), British Columbia, and Prince Edward Island (PEI).
Some provinces and territories don't have LTT but have title transfer fees and/or mortgage registration fees.
Most provinces handle LTT on a provincial level while Quebec and Nova Scotia have municipal based LTT.
We'll confirm how much closing costs you'll have and apply any relevant rebates to save you money.
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