Land transfer tax rates in Ontario – Updated in 2017
|Purchase price of home||Land title transfer fee||First-time homebuyer rebate|
|Up to and including $55,000||0.5%||Full tax rebate|
|$55,000.01 to $250,000.00||1.0%||Full tax rebate|
|$250,000.01 to $368,333||1.5%||Full tax rebate|
|$368,334 to $400,000.00||1.5%||$4,000 tax rebate|
|$400,000.00 to $2,000,000.00||2.0%||$4,000 tax rebate|
|Over $2,000,000.00||2.5%||$4,000 tax rebate|
Ontario land transfer tax rebate in Ontario
|Purchase price of home||Land title transfer tax||First-time home buyer rebate||Net tax payable|
First-time home buyer eligibility in Ontario
You must be a Canadian citizen or permanent resident of Canada.
You must occupy the home within 9 months of purchase.
Your spouse cannot have owned a home while being your spouse (but may be a previous home owner).
You must be 18 years or older.
You cannot have owned a home or interest in a home anywhere in the world.
If the home is newly constructed, it must be eligible for home warranty.
References & Notes
ROB YEO, Co-Founder & Systems Lead
Meet The People We Have Helped!
Noah & Ashley Glover
Rob helped us buy our first home and we could not be happier. He was there every step of the way, listened to our needs and found us our perfect home. Very easy to get along with and very knowledgeable. Thanks Rob!
Rob and Daniele were great to deal with. Their knowledge, experience and hard work made what could be a stressful situation easier. I have worked with them in both buying and selling a house, and I would highly recommend them.
Thank you for finding my dream home.
Narinder Pal Singh
Rob & Danielle are fantastic! They’ve looked after me for both buying and selling homes and have been great to work with. They think of every detail and work hard to make things go smoothly for the client. Professional, friendly, great communication and a genuinely nice couple!
Kristen & Brett Steadman
Thanks so much for getting us into our new home & for selling our first home! You made that so easy for us & we couldn’t have done it without all your expertise in the market!
Max & Nicky
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Peter E. Raco
Daniele applies the fundamentals it takes to win strong commercial real estate deals. I applaud the consistency and relentless efforts of the Elevate Team.
They are very helpful, fast to respond to texts and emails and always willing to answer any questions. They will move heaven and earth to get you what you want. Loved working with them.
Pete, Daniele, and Rob were all amazing while trying to find a home in this crazy market. Highly recommend their team!
Daniele was awesome! She did a wonderful job staging the house and is a great lady. I will be recommending her to everyone.
Peter Nassiokas and his team are great! If you want to have the best advice and support in the real estate business, don’t hesitate to contact them.
Ashleigh & Justin Grift
Rob and Danielle recently listed and sold a property for me in Sarnia. They looked after my needs and completed the transaction with professionalism and a true attention to detail. I received multiple quality offers and was very pleased with the results that Rob garnered.