Land Transfer Tax Ontario. This new tax is in addition to ontarios current land transfer tax. These tax rates are as follows.
About land transfer tax in ontario ontario land transfer tax. The ontario land transfer tax is a sum that must be paid by the purchasing party of any land in the province. Based on ontarios land transfer tax rates this refund will cover the full tax for homes up to 368000.
Ontario land transfer tax rebate 3.
The parent will receive no tax refund. These tax rates are as follows. The land transfer tax in ontario is calculated on a sliding scale. First time home buyers whom purchase a property for 368333.