This calculator is provided as a guide to assist you with determining land transfer taxes on a potential home purchase. To discuss your qualifications in greater detail, be sure to contact your RBL Capital representative. Enter the Purchase Price of the property on the line below. Numeric amount only -- no commas, periods or dollar signs. Purchase Price: $ - I am a first time home buyer - I am purchasing a property located in Toronto Land Transfer Tax: $ How Land Transfer Tax Is Calculated: Ontario Land Transfer Tax 0.5% - on the first $55,000 1.0% - on portion between $55,000 - $250,000 1.5% - on balance over $250,000 2.0% - on anything over $400,000 Qualifying first time buyers receive a $2000 credit Toronto Land Transfer Tax 0.5% - on the first $55,000 1.0% - on portion between $55,000 - $400,000 2.0% - on anything over $400,000 First time buyers are exempt on the first $400,000