Land Transfer Tax Calculator
Estimate the Ontario land transfer tax on your home purchase. Toggle Toronto municipal LTT and first-time home buyer rebates to see exactly what you'll owe on closing day.
Ontario LTT Breakdown
| Bracket | Rate | Taxable | Tax |
|---|---|---|---|
| $0 – $55,000 | 0.5% | $55,000 | $275 |
| $55,000 – $250,000 | 1.0% | $195,000 | $1,950 |
| $250,000 – $400,000 | 1.5% | $150,000 | $2,250 |
| $400,000 – $800,000 | 2.0% | $400,000 | $8,000 |
| Ontario LTT Total | $12,475 | ||
Total Due on Closing
$12,475
on a $800,000 purchase
Understanding Land Transfer Tax in Ontario
Land transfer tax is a one-time closing cost paid when you purchase property. Here's what every Ontario buyer should know.
Ontario Provincial LTT
Ontario charges a land transfer tax on all property purchases. The tax is calculated on a tiered bracket system:
- 0.5% on the first $55,000
- 1.0% on $55,001 to $250,000
- 1.5% on $250,001 to $400,000
- 2.0% on $400,001 to $2,000,000
- 2.5% on amounts over $2,000,000
Toronto Municipal LTT
Toronto is the only city in Ontario that charges an additional municipal land transfer tax on top of the provincial tax:
- Same bracket rates as the provincial LTT
- Effectively doubles the land transfer tax for Toronto buyers
- First-time buyers may qualify for a rebate of up to $4,475
First-Time Buyer Rebate
First-time home buyers in Ontario may qualify for a rebate to offset the land transfer tax:
- Ontario rebate: up to $4,000 (full rebate on homes up to $368,000)
- Toronto rebate: up to $4,475 (full rebate on homes up to $400,000)
- Must be a Canadian citizen or permanent resident who has never owned a home worldwide
- Must occupy the home within 9 months of purchase
Questions about closing costs?
Land transfer tax is just one part of your closing costs. Our team can walk you through everything — from legal fees to adjustments — so there are no surprises on closing day.
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