Ontario & Toronto Land Transfer Tax Calculator

Approximately $52,950 in combined land transfer tax — $26,475 provincial Ontario LTT plus $26,475 Toronto municipal LTT, since the city mirrors the provincial brackets on residential purchases. Both taxes are due on closing and cannot be added to your mortgage, so they belong in your cash-to-close budget alongside the down payment. The calculator above produces the exact figure for any price and any Ontario municipality.

First-time buyers receive up to $4,000 off the provincial Ontario LTT and, when buying in Toronto, a further rebate of up to $4,475 off the municipal LTT — a combined maximum of $8,475. The provincial rebate fully covers LTT on purchases up to $368,333; above that, the rebate caps out and you pay the remainder. To qualify you must be 18+, a Canadian citizen or permanent resident, never have owned a home anywhere in the world, and occupy the property within nine months of closing.

Only the provincial Ontario LTT applies outside Toronto — Brampton, Mississauga, Vaughan, Caledon, and every other GTA municipality charge no additional municipal land transfer tax. On a $1.2M purchase in Brampton, that means roughly $20,475 in LTT versus about $40,950 for the same price inside Toronto city limits. Toronto is the only Ontario municipality with its own LTT.

Land transfer tax is paid in full on the day of closing — your real-estate lawyer remits it to the province (and to Toronto, where applicable) when the deed is registered. It cannot be rolled into your mortgage, so lenders expect to see it covered by liquid funds in addition to your down payment and other closing costs. Budgeting it early avoids an unwelcome shortfall in the final week before closing.

Ontario LTT is a marginal bracket system: 0.5% on the first $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000, and 2.5% on the portion above $2M for homes with one or two single-family residences. Toronto applies a matching municipal schedule on top, with additional luxury brackets rising to 7.5% on the portion above $20M. Because the rates are marginal, each bracket only applies to the slice of the price within it — the calculator above handles the arithmetic precisely.