Land Transfer Tax Calculator Land Transfer Tax Calculator Payment Information Purchase Price $ I am a first time home buyer I am purchasing a property located in Toronto Results Total Land Transfer Tax $ Ontario Land Transfer Tax Explained 0.5% - on the first $55,000 1.0% - on portion between $55,000 - $250,000 1.5% - on balance over $250,000 2.0% - on anything over $400,000 Qualifying first time buyers receive up to a $2000 credit Toronto Land Transfer Tax Explained 0.5% - on the first $55,000 1.0% - on portion between $55,000 - $400,000 2.0% - on anything over $400,000 First time buyers are exempt on the first $400,000 Twitter