Our real estate clients often ask us how much will they pay in Land Transfer Tax when buying a property. Ontario Land Transfer Tax depends on the purchase price of the property. Other contributing factors also include, but are not limited to, whether the property is located in Toronto, which results in a Municipal Land Transfer Tax, as well as whether the purchaser is a first time home buyer. For more information, and to calculate your Land Transfer Tax, browse the site linked here!
The link above is not legal advice. Please contact our office should you have specific questions about your real estate transaction.