When you buy property in Ontario, you are required to pay a tax to the Province of Ontario. This tax is calculated using a graduated formula, based on your purchase price, which typically amounts to 1-2% of the price. In some circumstances, buyers are exempted from paying the land transfer tax, up to a maximum amount of $4,000. A Lawyer can assist you to determine the tax amount you must pay and whether or not you qualify for this exemption.