toronto land transfer tax: Toronto's Approved Land Transfer Tax
- 10/30/07 09:30 AM
Toronto City Council has approved a new land transfer tax to be levied on top of the current provincial land transfer tax. There are now new rates for both residential properties and commercial properties. For our purposes here, we will only discuss the new rates for residential. To see exactly how this new tax impacts you, please refer to the Land Transfer Tax calculator at http://www.nohomebuyingtax.com/. The additional CIty of Toronto Land Transfer Tax is calculated as follows: 0.5% of the amount of the purchase price up to and including $55,000 1% of the amount of the purchase price between $55,000 and $400,000 2% … (0 comments)
Toronto City Council has approved a new land transfer tax to be levied on top of the current provincial land transfer tax. There are now new rates for both residential properties and commercial properties. For our purposes here, we will only discuss the new rates for residential. To see exactly how this new tax impacts you, please refer to the Land Transfer Tax calculator at http://www.nohomebuyingtax.com/. The additional CIty of Toronto Land Transfer Tax is calculated as follows:
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