How to Calculate Land Transfer Tax

The tax rate has not changed since June 1st, 1989

  • 0.5% of the value of the consideration up to and including $55,000
  • 1% of the value of the consideration which exceeds $55,000 up to and including $250,000, and
  • 1.5% of the value of the consideration which exceeds $250,000, and
  • 2% of the amount by which the value of the consideration exceeds $400,000 for land that contains at least one and not more than two single family residences.

***obtained from Revenue Canada's website***