Ontario Land Transfer Tax Calculator

What is the Ontario Land Transfer Tax?

Ontario Land Transfer Tax (LTT) is a provincial tax payable by the buyer on the purchase of any property in Ontario. The rates are 0.5% on the first $55,000, 1% on $55,001–$250,000, 1.5% on $250,001–$400,000, 2% on $400,001–$2,000,000, and 2.5% above $2,000,000. It is typically paid on closing through your real estate lawyer.

What is the first-time buyer rebate in Ontario?

First-time buyers in Ontario can receive a rebate of up to $4,000 on provincial LTT. This means the LTT is fully eliminated on homes priced at approximately $368,000 or less. Toronto adds its own municipal LTT with a separate rebate of up to $4,475. To qualify, you must be a Canadian citizen or permanent resident, you must be 18 years or older, you must occupy the home within 9 months of purchase, and you cannot have owned a home anywhere in the world.

Do I pay LTT if I buy in Mississauga, Brampton, or the GTA?

No. The Toronto Municipal Land Transfer Tax applies only within the City of Toronto boundaries — not in other GTA municipalities like Mississauga, Brampton, Markham, or Vaughan. Buyers in those cities pay only the provincial Ontario LTT. Toronto was granted special authority to levy this additional tax under the City of Toronto Act.

When is the land transfer tax due and who collects it?

The LTT is due on closing day and is collected by your real estate lawyer or notary, who remits it to the province on your behalf. It will appear as a line item in your Statement of Adjustments. You cannot pay it separately or in installments — it must be paid in full at the time of registration of the deed.