Gus Koutoumanos Mortgage Agent Level 2
Land transfer tax (LTT) is often overlooked when considering the total cost of purchasing a home. All provinces charge a land transfer tax, except Alberta and Saskatchewan, who instead levy a much smaller transfer fee. In most provinces the tax is calculated as a percentage of the property value, using asking price as a close estimate. Homebuyers in Toronto, also incur an additional municipal tax. Use our calculator to determine the cost of your Land Transfer Tax.
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