Ontario charges land transfer tax on every purchase, and Toronto charges it twice. Enter the price to see the provincial tax, the Toronto municipal tax where it applies, and what a first-time buyer gets back.
Estimate only — not financial, legal or tax advice. Figures depend on your actual rates, terms and local costs.
Both taxes are marginal, like income tax: 0.5% on the first $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2M, and 2.5% above that. Toronto’s municipal LTT mirrors those brackets and adds graduated luxury tiers from $3M up (3.5% rising to 7.5% above $20M, in effect since 2024).
Ontario refunds up to $4,000 of the provincial tax — full relief up to roughly a $368,000 purchase. Toronto adds its own rebate of up to $4,475 against the municipal tax. Both apply automatically at closing when your lawyer files the claim; the buyer must never have owned a home anywhere.
Land transfer tax is due in cash on closing day, through your lawyer — it can’t be added to the mortgage. For a Toronto purchase it’s often the single largest closing cost, which is why it belongs in every buyer conversation early, not the week before closing.
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