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STEP 4 If necessary, update your profile to calculate land transfer tax.
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Provincial: |
Provincial
Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province.
|
plus |
|
Municipal: |
Municipal
Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home.
|
plus |
|
Rebate: |
Rebate
If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province.
|
minus |
|
|
|
Provincial: |
Provincial
Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province.
|
plus |
|
Municipal: |
Municipal
Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home.
|
plus |
|
Rebate: |
Rebate
If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province.
|
minus |
|
*You will be required to pay a title transfer fee. |
STEP 4 If necessary, update your profile to calculate land transfer tax.
|
Province |
|
City |
|
I am a first-time home buyer |
|
I am buying a newly built home |
|