Land Transfer Tax Explained | Toronto & Ontario

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In this video we take a detailed look at the provincial land transfer tax in Ontario and the municipal land transfer tax in the city of Toronto.

We break down both taxes for you, taking a look at what they are, how they're calculated, how much you'll pay, what rebates are available, and how you qualify for the rebates.

TIME STAMPS:
00:00 Intro
01:07 What Are Land Transfer Taxes?
01:55 How Are The Taxes Calculated?
03:23 How Much Tax Will You Pay?
04:35 What Rebates Are Available?
05:15 How Do You Qualify For Those Rebates?

Here are links to the government websites for the land transfer taxes:
Ontario - https://www.ontario.ca/document/land-...
Toronto - https://www.toronto.ca/services-payme...

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WHO WE ARE:
🤝 Jason & Danielle Bondy-Sawyer are a husband & wife real estate team in the city of Toronto.
🏠 Selling homes & advising clients since 2006.
🏆 Award winning realtors w/ Royal LePage.

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The opinions and observations expressed herein are solely those of Jason Bondy-Sawyer, and not those of Royal LePage Signature or the Toronto Real Estate Board. The opinions and observations expressed herein should not be misconstrued as financial advice or an attempt to solicit anyone currently under contract. Please consult a professional and complete your own due diligence prior to taking action on any decisions relating to the matters discussed in this or any of our videos. This communication is not intended to cause or induce breach of an existing agency agreement, nor is it financial advice.