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land transfer tax waterloo
Kitchener Waterloo Real Estate
Land Transfer Tax Waterloo

A real estate transfer tax is assessed on real property when ownership of the property is transferred from one party to another. The buyer is responsible to pay the Land Transfer Fees on closing. This tax is a percent of the value of the property based on a graduated scale. The following calculation is provided to assist you with your land transfer tax calculation only. I do further recommend that you speak with your lawyer or banker to confirm this information and how it pertains to you.

To calculate the total of the Ontario Land Transfer Tax for residential properties, add the following together:

0.5% on the first $55,000.00 of the Purchase Price

1.0% of the purchase price from $55,000 to $250,000

1.5% of the purchase price in excess of $250,001 to $400,000

2.0% of the purchase price in excess of $400,001


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Roy Cleeves, Broker,
Keller Williams Golden Triangle Realty, Brokerage Independently Owned and Operated
Office: 519-570-4447 Direct: 519-772-3759