25 October 2010

Residential property:

Purchase price LTT
$0 – $55,000 .005 х purchase price
$55,001 – $250,000 (.01 х purchase price) minus $275
$250,001 – $400,000 (.015 х purchase price) minus $1,525
$400,000+ (.02 х purchase price) minus $3,525


Commercial property:


Purchase price LTT
$0 – $55,000 .005 х purchase price
$55,001 – $250,000 (.01 х purchase price) minus $275
$250,001+ (.015 х purchase price) minus $1,525

Municipal Land Transfer Tax (MLTT). Toronto only.


Residential property:

Purchase price MLTT
$0 – $55,000 .005 х amount plus
$55,001 – $400,000 .01 х amount plus
$400,000+ .02 х amount

Commercial property:

Purchase price MLTT
$0 – $55,000 .005 х amount plus
$55,001 – $400,000 .01 х amount plus
$400,001 – $40,000,000 .015 х amount plus
$40,000,000+ .01 х amount

If you’re a first time home buyer then you have a chance to get certain LTT or MLTT rebates. That’s why it’s always necessary to consult a professional in order to find the best variant that will work for you.

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