To calculate the total LTT payable for Commercial properties, add the following together:
0.5% on 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
OR use the following table:
| Purchase Price | Calculation of LTT |
| 0 – 55,000 | .005 x Amount |
| 55,001 – 250,000 | ( .01 x Amount ) minus 275 |
| 250,001 + | ( .015 x Amount ) minus 1,525 |
For additional information please contact the Ontario Ministry of Finance (Timothy Walker 416-325-2606).
