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Land Transfer Tax
Purchase Price


1st Time Home Buyer
Property Located in Toronto


Land Transfer Tax

Buyers in most areas will have to add Land Transfer Taxes to their closing costs

Land transfer taxes are a part of the process unless you live in Alberta, Saskatchewan, or rural Nova Scotia. These taxes, levied on properties that are changing hands, are the responsibility of the buyer. In Toronto Land Transefer Tax is paid to both the Provincial and Municipal Governments.

Many provinces have multi-tiered taxation systems that can sometimes be difficult to understand. If you buy a property for $500 000 in Toronto, for example, 1 per cent is charged on the first $55,000, 2 per cent is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 2.5 per cent, with a combined Land Transfer Tax of 4% for anything above $400,000 So when buying a home in Toronto for $500,000, Your combined Land Transfer Tax Bill is, $12,200

The following charts illustrates how Land Transfer Taxes are broken down between Governments for properties containing not more than two self-contained apartments or units.

Ontario

Up to $55,000 X .5 % of total property value
From $55,000 to $250,000 X 1 % of total property value
From $250,000 to $400,000 X 1.5 % of total property value
From $400,000 up X 2 % of total property value

Toronto

Up to $55,000 X .5 % of total property value
From $55,000 to $400,000 X 1 % of total property value
From $400,000 up X 2 % of total property value

Land Transfer Tax Rebates: For First Time Buyers

If you are a first time home buyer you are eligable for rebates for both Municipal and Provincal Land Transfer Tax
  • Municipal Land Transfer Tax Rebate (MLTT): Up to $3725
  • Provincal Land Transfer Tax Rebate (PLTT): Up to $2000
For more information go to:

Please be aware that these calculators are for indicative purposes only and will offer approximate values.
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