Land Transfer Tax is payable by the buyer of Real Estate in Ontario, upon registration of the deed. The amount of tax due is based on the purchase price and is calculated as follows: .5% on the first $55,000.00 1.0% from $55,000.00 to $250,000.00 1.5% from $250,000.00 to $400,000.00 2.5% on everything above $400,000.00