Want to learn more about Ontario Land Transfer Tax? Visit the Ontario Ministry of Finance Website
Who pays 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 amount paid for the land, in addition to the amount remaining on any mortgage or debt assumed as part of the arrangement to buy the land.
First Time Home Buyers
If you are a first-time homebuyer, you may be eligible for a refund of all or part of the land transfer tax.