Land Transfer Tax Calculator

How land transfer tax works in Ontario and Toronto

Ontario land transfer tax is charged on a sliding scale: 0.5% on the first $55,000, 1% up to $250,000, 1.5% up to $400,000, 2% up to $2,000,000, and 2.5% above that. Homes inside the City of Toronto pay a second, municipal land transfer tax at matching rates — roughly doubling the bill compared to buying in the 905.

First-time buyer rebates

First-time buyers can claim a rebate of up to $4,000 on the Ontario tax and up to $4,475 on the Toronto municipal tax. To qualify you must never have owned a home anywhere in the world, and you must occupy the home as your principal residence within nine months of closing.

Rates per the Ontario Ministry of Finance and City of Toronto. Verify final amounts with your real estate lawyer before closing.