Len Clarke
Sales Representative
Lakes of Muskoka
Realty Brokerage
395 Centre St. N.
Huntsville, ON.
P1H 2P5
Tel.: 705-789-9677
Cell: 705-787-6897
Email Me
Cory Clarke
Sales Representative
Lakes of Muskoka
Realty Brokerage
395 Centre St. N.
Huntsville, ON.
P1H 2P5
Tel.: 705-789-9677
Cell: 705-788-8008
Email Me
Purchase Price |
Calculation of Land Transfer Tax |
0 to $55,000 |
.005 x Amount |
$55,001 to $250,000 |
(.01 x Amount) minus 275 |
$250,001 to $400,000 |
(.015 x Amount) minus 1,525 |
Greater than $400,000 |
(.02 x Amount) minus 3,525 |
Example: Purchase Price = $275,000
Land Transfer Tax = (.015 x $275,000) minus $1,525 = $2,600
For commercial properties
| Purchase Price | Calculation of Land Transfer Tax |
0 to $55,000 |
.005 x Amount |
$55,001 to $250,000 |
(.01 x Amount) minus 275 |
Greater than $250,000 |
(.015 x Amount) minus 1,525 |
Example: Purchase Price = $375,000
Land Transfer Tax = (.015 x $375,000) minus $1,525 = $4,100