Ontario Land Transfer Tax Calculator
Calculate your exact Land Transfer Tax (LTT) for Toronto and Ontario. See first-time home buyer rebates and the "double tax" impact in Toronto.
Property Details
Tax Summary
Total Land Transfer Tax
Double Tax in TorontoBuying in Toronto means you pay both Provincial AND Municipal Land Transfer Taxes. Buying in Markham, Vaughan, or Mississauga saves you the Municipal portion!
Understanding Land Transfer Tax
Provincial vs. Municipal Tax
All property purchases in Ontario are subject to Provincial Land Transfer Tax. However, if you buy within the City of Toronto, you must also pay a Municipal Land Transfer Tax. This effectively doubles the tax amount compared to buying in surrounding cities like Markham, Vaughan, or Mississauga.
Tax Brackets
- First $55,000 0.5%
- $55,000 - $250,000 1.0%
- $250,000 - $400,000 1.5%
- $400,000 - $2,000,000 2.0%
- Over $2,000,000 2.5%
First-Time Home Buyer Rebates
If you are a first-time home buyer, you are eligible for significant rebates to offset these taxes:
- Ontario RebateUp to $4,000 off your provincial tax.
- Toronto RebateUp to $4,475 off your municipal tax.
*To qualify, you cannot have owned a home anywhere in the world previously.
Important Disclaimer
This calculator is provided for informational and educational purposes only. The results are estimates based on the information you provide and standard calculation formulas. They do not constitute financial, legal, tax, or real estate advice.
Actual costs, payments, taxes, and fees may vary based on your specific circumstances, lender requirements, government policies, and other factors not accounted for in this calculator. Interest rates, tax brackets, rebate amounts, and insurance premiums are subject to change without notice.
Before making any financial decisions, we strongly recommend consulting with qualified professionals including a licensed mortgage broker, real estate lawyer, accountant, or financial advisor who can assess your individual situation and provide personalized advice.
PreconFactory Inc. makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of this calculator. Any reliance you place on the results is strictly at your own risk. We shall not be liable for any loss or damage arising from the use of this calculator.