In this video, Robert Adourian, a Toronto real estate lawyer provides some information on How Ontario Land Transfer Tax Works during an interview at the Real Estate 101 Show.

Watch this episode with real estate lawyer Robert Adourian of Devry Smith Frank LLP (DSF) as he explains everything you need to know about land transfer tax in Toronto, Ontario, when buying a home.

When buying a home in Ontario, land transfer tax will need to be paid at the time of closing before title changes hands from the seller to buyer. There is a common land transfer tax in Ontario, but in the city of Toronto, there is also a Toronto land transfer tax to go along with the Ontario land transfer tax. The land transfer tax is calculated based on the sale price of the home, and again if it’s in Toronto, the land transfer tax will be much higher as there are 2 land transfer taxes.

Watch the video above for additional information about the Ontario Land Transfer Tax. Other Real Estate law videos or law videos in other practice areas, may be found on our media web page.

For more information on How Ontario Land Transfer Tax Works, or if you need a real estate lawyer, contact Robert Adourian of DSF.

Full URL: https://devrylaw.ca/how-ontario-land-tax-works/