Free tool
Ontario Land Transfer Tax Calculator
Estimate the provincial and Toronto municipal land transfer tax on your purchase, including first-time buyer rebates.
Estimate
Your land transfer tax
Buying in the GTA?
We review agreements of purchase and sale before you are bound, and close residential and commercial transactions across Peel and Halton.
Get a closing quoteHow Ontario land transfer tax is calculated
Ontario land transfer tax is charged on marginal brackets, so each portion of the price is taxed at its own rate rather than the whole price being taxed at the top rate.
- 0.5% on the portion up to $55,000
- 1.0% on the portion from $55,000 to $250,000
- 1.5% on the portion from $250,000 to $400,000
- 2.0% on the portion from $400,000 to $2,000,000
- 2.5% on the portion above $2,000,000, for one- and two-family residences
Properties in the City of Toronto attract a second municipal land transfer tax that mirrors the provincial brackets, with additional tiers on residential property above $3 million. In practice, a Toronto purchase carries roughly double the land transfer tax of an identical purchase in Mississauga.
Other closing costs to budget for
Land transfer tax is usually the largest single closing cost, but it is not the only one. Add legal fees and disbursements, title insurance, search and registration costs, adjustments for realty taxes and utilities the seller has prepaid, and any lender charges. We provide a written quote covering fees and estimated disbursements before you retain us.
Who pays land transfer tax in Ontario?
The buyer, on closing. It is paid as part of the closing funds your lawyer collects, and it is usually the single largest closing cost after the purchase price itself.
What is the first-time buyer rebate worth?
Up to $4,000 of the provincial land transfer tax, and up to $4,475 of the Toronto municipal land transfer tax where the property is in Toronto. To qualify you must be at least 18, never have owned a home anywhere in the world, and, for the provincial refund, be a Canadian citizen or permanent resident. If your spouse has owned a home during your relationship, that can affect eligibility.
Does the Toronto tax apply in Mississauga?
No. The municipal land transfer tax applies only within the City of Toronto. Properties in Mississauga, Oakville, Milton, Brampton, and the rest of the GTA pay the provincial tax only.
What about the Non-Resident Speculation Tax?
The NRST applies across Ontario at 25 per cent on purchases of residential property by foreign nationals, foreign corporations, and taxable trustees. It is in addition to land transfer tax and is not included in this calculator. Rebates and exemptions are narrow, get advice before signing an agreement.
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