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Land Transfer Tax


When you acquire a property or land, you pay land transfer tax to the province when the transaction closes. Land transfer tax is normally based on the Total Purchase Price paid for the land, [including any amount remaining on any mortgage or debt assumed as part of the arrangement to buy the land].

Here’s how to calculate how much the land transfer tax will be for your transaction.

$0 to $200,000.00 fee = $1719.00 and every dollar above is charged at 2%