Flat Fee Realty Inc., Ottawa - Ontario Land Transfer Tax Rates

                                                                  Barry Humphrey & Susan Spidle - Flat Fee Realty Ottawa

                                                          613-296-6060                                 613-762-5946
                                                                          (Barry Direct)                                             (Susan Direct)

Barry Humphrey & Susan Spidle, Ottawa Flat Fee Realty

Land transfer tax is a provincial tax payable on the purchase of a home. This tax is payable by the purchaser on closing and is calculated as follows:

0.5% of the first $55,000
plus 1.0% of the amount from $55,001 to $250,000
plus 1.5% of the amount in excess of $250,001 to $400,000
plus 2.0% of the amount in excess of $400,000

VALUE	TAX	VALUE	TAX	VALUE	TAX	VALUE	TAX
$150,000	$1225	$220,000	$1925	$290,000	$2825	$450,000	$5475
$160,000	$1325	$230,000	$2025	$300,000	$2975	$460,000	$5575
$170,000	$1425	$240,000	$2125	$325,000	$3350	$470,000	$5675
$180,000	$1525	$250,000	$2225	$350,000	$3725	$480,000	$5775
$190,000	$1625	$260,000	$2375	$375,000	$4100	$490,000	$5875
$200,000	$1725	$270,000	$2525	$400,000	$4475	$500,000	$6075
$210,000	$1825	$280,000	$2675	$425,000	$4975	$550,000	$7475

For further information on Land Transfer Tax: Ministry of Revenue - Ontario

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