Land Transfer Tax Calculator

2007_tax_graphic(1)I was reviewing the closing costs with one of my buyer clients recently and explained what additional money they would need to have on hand before they received their new house keys.  It struck me that having these numbers before a buyer signs on the dotted line can help alleviate sticker shock in the lawyers office.

One closing cost is the land transfer tax calculator.  Ontario home purchasers pay a land transfer tax based on the price of their new home.

You can find a land transfer tax calculator here.

Now Toronto has its own land transfer tax, so if you are purchasing in metropolitan Toronto, there is an additional calculation.  That calculator can be found here.

The government has introduced some land transfer tax rebate programs.  They are explained here.

For a complete list of closing costs, call me.