Land Transfer Tax Calculator

Your Purchase Details

Purchase Price Enter the purchase price of the property

Property Location

Toronto purchases are subject to an additional municipal tax

Are You a First-Time Home Buyer?

First-time buyers may qualify for rebates up to $4,000 (provincial) and $4,475 (Toronto)

Your Land Transfer Tax

Ontario Provincial LTT $0

Total Land Transfer Tax $0

These numbers represent a non-binding estimate based on current Ontario and Toronto tax brackets. Consult a lawyer for exact amounts.

What Is Land Transfer Tax?

Land transfer tax (LTT) is a provincial tax paid by the buyer when purchasing property in Ontario. It is calculated as a percentage of the purchase price using a marginal bracket system — similar to income tax. The more expensive the property, the higher the effective rate.

Ontario Land Transfer Tax Brackets

The current Ontario LTT rates for residential property are:

First $55,000: 0.5%
$55,001 to $250,000: 1.0%
$250,001 to $400,000: 1.5%
$400,001 to $2,000,000: 2.0%
Over $2,000,000: 2.5% (single-family residential)

Toronto Municipal Land Transfer Tax

If you're buying property in Toronto, you'll pay an additional municipal land transfer tax on top of the provincial tax. Toronto's MLTT brackets mirror the provincial rates up to $2,000,000, with higher rates above that threshold. This means Toronto buyers effectively pay double the land transfer tax compared to other Ontario municipalities.

First-Time Home Buyer Rebates

First-time home buyers in Ontario can claim rebates to reduce or eliminate their land transfer tax:

Ontario provincial rebate: Up to $4,000, covering the full LTT on homes up to $368,000.
Toronto municipal rebate: Up to $4,475, covering the full MLTT on homes up to $400,000.

To qualify, you must be at least 18 years old, a Canadian citizen or permanent resident, and must never have owned a home anywhere in the world. The property must be your principal residence within 9 months of purchase.

Buying your first home?

Speak with a licensed mortgage specialist who can walk you through all the costs of buying a home, including land transfer tax, closing costs, and CMHC insurance.