A Guide on Land Transfer Taxes in Ontario

When you purchase a home, no matter where you live in Canada, you are going to have to pay land transfer taxes. These taxes are calculated based on a percentage and the cost of the home. Meaning, the more expensive the home, the higher the land transfer taxes. The percentage that is used to calculate this amount is either a provincial or municipal amount, so this amount will vary depending on where you are purchasing. In some provinces, like Alberta and Saskatchewan, there are no land transfer taxes. In other provinces like Ontario, there are some towns and cities that charge both provincial and municipal land transfer taxes.