Land Transfer Tax Calculator
Estimate your Ontario and Toronto land transfer tax, including first-time homebuyer rebates, so there are no surprises on closing day.
Book a Free ConsultationRebate applied. Ontario offers up to $4,000 and Toronto offers up to $4,475 in land transfer tax rebates for eligible first-time buyers.
Total Land Transfer Tax
$24,950
Based on Ontario and Toronto land transfer tax rates effective April 2026. Estimates are for illustrative purposes only. Consult a real estate lawyer for personalized advice.
How Land Transfer Tax Works
Ontario charges land transfer tax on all property purchases. If you're buying in Toronto, you'll also pay a municipal land transfer tax.
Ontario Land Transfer Tax
Charged on all property purchases in the province, calculated on a marginal rate structure similar to income tax.
| Purchase Price | Marginal Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
Toronto Municipal LTT
An additional tax for properties within Toronto city limits, with higher rates for properties over $3 million.
| Purchase Price | Marginal Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| $2,000,001 – $3,000,000 | 2.5% |
| Over $3,000,000 | 4.4%+ |
First-Time Homebuyer Rebates
Ontario Rebate: Up to $4,000
Covers the full provincial LTT on homes up to $368,000. For higher-priced homes, you receive the full $4,000 and pay the remainder.
Toronto Rebate: Up to $4,475
Covers the full municipal LTT on homes up to $400,000. Applied in addition to the Ontario rebate for Toronto purchases.
Eligibility: You must be 18+, a Canadian citizen or permanent resident, occupy the home as your principal residence within 9 months, and never have owned a home anywhere in the world.
Understand Your Full Closing Costs
Land transfer tax is just one part of the picture. Let's walk through all your closing costs so you know exactly what to budget.
Book a Free Consultation