Toronto Land Transfer Tax
The Toronto Land Transfer Tax is applicable to all transfers of property within the city limits of Toronto, Ontario with closing dates on or after February 1, 2008.
The Toronto Land Transfer Tax is in addition to the Ontario Land Transfer Tax.
Calculating Toronto Land Transfer Tax
The Toronto Land Transfer Tax will be charged on a graduated basis depending on the value of consideration paid for the property.
For property containing at least one, and not more than two, single family residences:
|
Value of Consideration |
MLTT Rate |
|
Up to and including $55,000 |
0.5% plus |
|
Over $55,000.00 to $400,000 |
1.0% plus |
|
Over $400,000 |
2.0% |
For all other property:
|
Value of Consideration |
MLTT Rate |
|
Up to and including $55,000 |
0.5% plus |
|
Over $55,000.00 to $400,000 |
1.0% plus |
|
Over $400,000.00 to $40,000,000 |
1.5% plus |
|
Over $40,000,000 |
1.0% |
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