Land Transfer Tax Ontario — Calculate Your Closing Costs
Calculate Ontario land transfer tax and Toronto municipal land transfer tax on your home purchase. See first-time buyer rebates and total closing costs.
Ontario charges a provincial land transfer tax on all property purchases based on the sale price. Toronto adds a second municipal land transfer tax on top doubling the cost for Toronto buyers. These taxes are due on closing day and represent one of the largest upfront costs after the down payment. First-time home buyers can claim rebates of up to $4000 provincial and $4475 municipal (Toronto only).
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Key Information
| Parameter | Details |
|---|---|
| Ontario LTT Rate | 0.5% to 2.5% (graduated) |
| Toronto Municipal LTT | Additional tax matching provincial rates |
| First-Time Buyer Rebate | $4,000 (Ontario) + $4,475 (Toronto) |
| Total Tax on $800000 (Toronto) | $22,950 (both taxes combined) |
Calculate Ontario land transfer tax
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Use Calculator NowFrequently Asked Questions
How much is land transfer tax in Ontario?
Ontario LTT is calculated on graduated brackets: 0.5% on first $55000 then 1% up to $250000 then 1.5% up to $400000 then 2% up to $2000000 then 2.5% above that. On a $700000 home: approximately $10475 in provincial LTT. In Toronto add another $10475 for municipal LTT totaling $20950 in land transfer taxes alone.
Do first-time buyers pay land transfer tax?
First-time buyers in Ontario receive a rebate of up to $4000 on provincial LTT (equivalent to no tax on first $368333 of value). Toronto first-time buyers get an additional rebate of up to $4475 on the municipal portion. Combined savings of up to $8475. To qualify you must be at least 18 have never owned property worldwide and occupy the home as your primary residence.
Can I add land transfer tax to my mortgage?
No land transfer tax cannot be added to your mortgage in Canada. It must be paid in full on closing day from your own funds along with other closing costs like legal fees title insurance and adjustments. Budget 1.5-4% of purchase price for total closing costs depending on location. This is on top of your down payment.
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Last updated: 24 March 2026