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Land Transfer Tax Calculator
Instantly calculate Ontario provincial LTT and Toronto municipal LTT — including first-time home buyer rebates. Updated for 2026.
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Tax Summary
Ontario LTT — Tier Breakdown
| Bracket | Rate | Taxable Amount | Tax |
|---|---|---|---|
| First $55,000 | 0.5% | $55,000 | $275 |
| $55,001 – $250,000 | 1.0% | $195,000 | $1,950 |
| $250,001 – $400,000 | 1.5% | $150,000 | $2,250 |
| $400,001 – $2,000,000 | 2.0% | $450,000 | $9,000 |
| Total | $13,475 | ||
Estimates for illustrative purposes only. Rates based on current Ontario legislation and Toronto Municipal Code. Consult your real estate lawyer for exact closing costs.
How Ontario Land Transfer Tax Works
Ontario land transfer tax (LTT) is a provincial tax payable on the closing date of any real estate purchase in Ontario. It applies to all purchasers — both residential and commercial — and is calculated on the purchase price (or “value of consideration”) of the property.
The Ontario LTT uses a tiered bracket structure. Each bracket applies only to the portion of the purchase price within that range:
| Purchase Price Range | Tax 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 Land Transfer Tax
Properties located within the City of Toronto are subject to an additional Toronto Municipal Land Transfer Tax (MLTT) on top of the provincial LTT. This effectively doubles the land transfer tax burden for Toronto buyers, making it one of the highest transaction costs in the country.
The Toronto MLTT uses the same tiered structure as the provincial LTT. Properties in York Region (Markham, Richmond Hill, Vaughan, Aurora, etc.) and Durham Region (Pickering, Ajax, Whitby, Oshawa, etc.) are not subject to the Toronto MLTT — only provincial LTT applies.
First-Time Home Buyer Rebates
The Ontario government and the City of Toronto each offer a land transfer tax rebate for eligible first-time home buyers:
- Ontario Rebate:Up to $4,000 — available on any property purchase in Ontario. For homes priced under $368,000, the rebate covers the full provincial LTT.
- Toronto Rebate:Up to $4,475 — available on Toronto properties in addition to the Ontario rebate. The combined maximum rebate for a Toronto purchase is $8,475.
To qualify as a first-time home buyer, you must be a Canadian citizen or permanent resident, at least 18 years of age, and you (and your spouse/partner) must never have owned a home anywhere in the world.
Land Transfer Tax FAQ
How is Ontario land transfer tax calculated?
Ontario LTT uses a tiered bracket system: 0.5% on the first $55,000; 1.0% from $55,001–$250,000; 1.5% from $250,001–$400,000; 2.0% from $400,001–$2,000,000; and 2.5% above $2,000,000.
Do I pay land transfer tax if I buy in Markham, Richmond Hill, or Pickering?
Yes, you pay Ontario provincial land transfer tax anywhere in Ontario. However, the additional Toronto Municipal Land Transfer Tax only applies to properties within the City of Toronto boundaries — not York Region or Durham Region.
How much is the first-time home buyer LTT rebate in Ontario?
First-time home buyers in Ontario can receive a rebate of up to $4,000 on provincial LTT. If purchasing in Toronto, an additional rebate of up to $4,475 on the Toronto Municipal LTT applies, for a combined maximum of $8,475.
When is land transfer tax due in Ontario?
Land transfer tax is due and collected on the closing date of the property purchase. Your lawyer will calculate and remit the tax on your behalf as part of the closing process.
Who qualifies as a first-time home buyer for the LTT rebate?
To qualify, you must be a Canadian citizen or permanent resident, be at least 18 years old, and have never owned a home anywhere in the world. Your spouse must also never have owned a home while being your spouse.