Land Transfer Tax Calculator Ontario 2017

Calculate Ontario's land transfer tax for 2017 purchases with this official calculator. The tax applies to residential properties and is based on the property's assessed value. This tool provides an estimate based on the 2017 tax rates and brackets.

How to Use This Calculator

To calculate the land transfer tax for your Ontario property purchase in 2017:

Enter the assessed value of the property in Canadian dollars (CAD).
Select the type of property (residential or commercial).
Click "Calculate" to see the estimated tax amount.

The calculator uses the 2017 Ontario land transfer tax rates, which are based on the property's assessed value. The tax is applied to the full purchase price, not just the land value.

Formula and Assumptions

Land Transfer Tax Formula

For residential properties:

If assessed value ≤ $400,000: 0.5% of assessed value

$400,001 to $500,000: $2,000 + 1% of (assessed value - $400,000)

If assessed value > $500,000: $3,000 + 1.5% of (assessed value - $500,000)

For commercial properties: 1% of assessed value

Important Notes

This calculator uses the 2017 tax rates. Actual tax may vary based on local assessments and additional fees. Always consult with a tax professional for precise calculations.

Worked Examples

Example 1: Residential Property

Assessed value: $450,000

Calculation:

$2,000 + 1% of ($450,000 - $400,000) = $2,000 + $5,000 = $7,000

Estimated tax: $7,000

Example 2: Commercial Property

Assessed value: $600,000

Calculation: 1% of $600,000 = $6,000

Estimated tax: $6,000

Comparison of Tax Rates
Property Type	Assessed Value Range	Tax Rate
Residential	≤ $400,000	0.5%
Residential	$400,001 - $500,000	$2,000 + 1%
Residential	> $500,000	$3,000 + 1.5%
Commercial	All values	1%

Frequently Asked Questions

What is the land transfer tax in Ontario?: The land transfer tax is a provincial tax applied to the purchase of real property in Ontario. The rate varies based on the property type and assessed value.
When did the 2017 land transfer tax rates change?: The 2017 rates were effective from January 1, 2017, to December 31, 2017. Rates may have changed for subsequent years.
Is the land transfer tax the same for all properties?: No, the tax rate differs for residential and commercial properties. Residential properties have progressive rates based on value brackets, while commercial properties are taxed at a flat 1%.
Do I need to pay land transfer tax if I'm buying a property?: Yes, land transfer tax is typically paid by the buyer at the time of purchase, unless you qualify for an exemption.
Where can I find official information about Ontario land transfer tax?: For official information, visit the Ontario government website.