Tools

Land transfer tax calculator

Buying a home in Toronto means two land transfer taxes — the provincial Ontario LTT and the municipal Toronto MLTT — both payable at closing. Estimate yours below.

Land Transfer Tax Calculator

Purchase price

Property is within TorontoFirst-time home buyer

Ontario LTT: $26,475
Toronto MLTT (base): $26,475

Estimated total LTT

$52,950

Estimate only. Final amounts are determined by your real estate lawyer at closing. Non-resident buyers pay an additional Non-Resident Speculation Tax not included here.

Ontario Provincial LTT

Applies to every Ontario purchase. Marginal rate climbs from 0.5% on the first $55,000 to 2.5% on the portion above $2M.

First-time buyers get up to $4,000 back.

Toronto Municipal LTT

Applies on top of the Ontario LTT for properties inside the City of Toronto. Same base brackets, plus a luxury surcharge above $3M (0.5% to 2.5% in steps).

First-time buyers get up to $4,475 back.

Worth knowing

Non-resident buyers pay an additional Non-Resident Speculation Tax (currently 25% of the purchase price across the Greater Golden Horseshoe, including all of West Toronto).
The first-time buyer rebate is only available if neither you nor your spouse has owned an interest in a home anywhere in the world.
LTT is calculated on the consideration paid (price), not the assessed value. It is paid at closing, in addition to legal fees, title insurance, and any pro-rated property tax.
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