The Math (Three Example Breakdowns)

You have purchased a $350,000 home, your LTT rate would look like this:

If you purchased in Toronto: $7,450

Purchase Price: 

$350,000

MLTT

Sub Total

LTT

Sub Total 

On the First $55,000

$55,000 x 0.5% 

$275

$55,000 x 0.5% 

$275

On $55,000.01 - $250,000

$195,000 x 1.0%

$1950

$195,000 x 1.0%

$1950

On $250,000.01 - $400,000

$100,000 x 1.5%

$1500

$100,000 x 1.5%

$1500

Admin Fees

$84.75

 

 

 

Sub Total 

$3809.75

Sub Total 

$3725

 

TOTAL: 

$7,534.75

If you purchased in Ontario (not Toronto): $3725

Purchase Price: 

$350,000

LTT

Sub Total 

On the First $55,000

$55,000 x 0.5% 

$275

On $55,000.01 - $250,000

$195,000 x 1.0%

$1950

On $250,000.01 - $400,000

$100,000 x 1.5%

$1500

Total:

$3725


If you purchased a $500,000 home:

If you purchased in Toronto: $13,034.75

Purchase Price: 

$500,000

MLTT

Sub Total

LTT

Sub Total 

On the First $55,000

$55,000 x 0.5% 

$275

$55,000 x 0.5% 

$275

On $55,000.01 - $250,000

$195,000 x 1.0%

$1950

$195,000 x 1.0%

$1950

On $250,000.01 - $400,000

$150,000 x 1.5%

$2250

$150,000 x 1.5%

$2250

On $400,000.01 - $2,000,000

$100,000 X 2.0% 

$2000

$100,000 x 2.0%

$2000

Admin Fees

$84.75

 

 

 

Sub Total 

$6559.75

Sub Total 

$6475

 

TOTAL: 

$13,034.75

If you purchased in Ontario (not Toronto): $6475

Purchase Price: 

$500,000

LTT

Sub Total 

On the First $55,000

$55,000 x 0.5% 

$275

On $55,000.01 - $250,000

$195,000 x 1.0%

$1950

On $250,000.01 - $400,000

$150,000 x 1.5%

$2250

On $400,000.01 - $2,000,000

$100,000 X 2.0%

$2000

Total:

$6475


If you purchased a $2,100,000 home:

If you purchased in Toronto: $78,034.75

Purchase Price: 

$2,100,000.00

MLTT

Sub Total

LTT

Sub Total 

On the First $55,000

$55,000 x 0.5% 

$275

$55,000 x 0.5% 

$275

On $55,000.01 - $250,000

$195,000 x 1.0%

$1950

$195,000 x 1.0%

$1950

On $250,000.01 - $400,000

$150,000  x 1.5%

$2250

$150,000 x 1.5%

$2250

On $400,000.01 - $2,000,000

$1,600,000 X 2.0% 

$32,000

$1,600,000 x 2.0%

$32,000

On $2,000,000 + 

$100,000 X 2.5%

$2500

$100,000 x 2.5%

$2500

Admin Fees

$84.75

 

 

 

Sub Total 

$39,059.75

Sub Total 

$38,975.00

 

TOTAL: 

$78,034.75

If you purchased in Ontario (not Toronto): $38,975.00

Purchase Price: 

$2,100,000.00

LTT

Sub Total 

On the First $55,000

$55,000 x 0.5% 

$275

On $55,000.01 - $250,000

$195,000 x 1.0%

$1950

On $250,000.01 - $400,000

$150,000 x 1.5%

$2250

On $400,000.01 - $2,000,000

$1,600,000 X 2.0%

$32,000

On $2,000,000 + 

$100,000 X 2.5%

$2500

Total:

$38,975.00