Ontario Land Transfer Tax Calculator 2019
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Reviewed by Calculator Editorial Team
Calculate the Ontario land transfer tax for 2019 based on property value and ownership status. This calculator provides an accurate estimate of the transfer tax you would owe when purchasing or transferring land in Ontario.
How to Use This Calculator
Using the Ontario Land Transfer Tax Calculator 2019 is simple:
- Enter the purchase price of the land in Canadian dollars (CAD).
- Select your ownership status (First-time home buyer, Existing home owner, or Other).
- Click the "Calculate" button to see your estimated transfer tax.
- Review the result and any applicable exemptions or reductions.
The calculator will display the total transfer tax amount based on the 2019 Ontario land transfer tax rates.
Formula Used
The Ontario land transfer tax is calculated based on the purchase price of the land and your ownership status. The formula used in this calculator is:
Transfer Tax = (Purchase Price × Tax Rate) - Exemptions
The tax rate varies depending on your ownership status:
- First-time home buyer: 0.5% of the purchase price
- Existing home owner: 1.0% of the purchase price
- Other: 1.5% of the purchase price
Certain exemptions may apply, which are reflected in the final calculation.
Worked Examples
Example 1: First-time home buyer
Purchase price: $350,000 CAD
Ownership status: First-time home buyer
Calculation: ($350,000 × 0.5%) = $1,750 CAD
Example 2: Existing home owner
Purchase price: $450,000 CAD
Ownership status: Existing home owner
Calculation: ($450,000 × 1.0%) = $4,500 CAD
Example 3: Other ownership
Purchase price: $500,000 CAD
Ownership status: Other
Calculation: ($500,000 × 1.5%) = $7,500 CAD
Frequently Asked Questions
What is the Ontario land transfer tax rate for 2019?
The tax rate varies by ownership status: 0.5% for first-time home buyers, 1.0% for existing home owners, and 1.5% for other purchases.
Are there any exemptions from the land transfer tax?
Yes, certain exemptions may apply, such as for first-time home buyers or specific types of land purchases. These are accounted for in the calculator.
Is the land transfer tax the same for all properties in Ontario?
No, the tax rate varies based on the type of property and the buyer's ownership status. This calculator provides estimates based on the 2019 rates.