Land Transfer Tax Mississauga Condo Calculator 

 

I often get questions such as “How much Land Transfer Tax will I have to pay on my Mississauga Condo?” , “Do I save anything as a first time buyer?” or “Does it depend on the price of the condo?” This calculator below is great for anyone who is thinking about buying a condo and is facing a land transfer tax question. Use the form below to calculate the amount of land transfer tax you will have to pay. Land transfer tax is applied on the sale price only. land-transfer-tax-mississauga-condo

 

 

Land Transfer Tax Calculator

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Ontario Land Transfer Tax Explained

  • 0.5% - on the first $55,000
  • 1.0% - on portion between $55,000 - $250,000
  • 1.5% - on balance over $250,000
  • 2.0% - on anything over $400,000
  • Qualifying first time buyers receive up to a $4000 credit

Toronto Land Transfer Tax Explained

  • 0.5% - on the first $55,000
  • 1.0% - on portion between $55,000 - $400,000
  • 2.0% - on anything over $400,000
  • First time buyers are exempt on the first $400,000

 

Eric Skicki                                                                              Cloud Realty Brokerage

Broker

 

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