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Ontario Land Transfer Tax Calculator

When purchasing real estate in Ontario, buyers are legally required to pay Ontario Land Transfer Tax (PLTT) upon closing. If the property is located within the City of Toronto, an additional Toronto Municipal Land Transfer Tax (MLTT) applies at matching graduated rates. This calculator computes your exact tax obligation, factoring in provincial and municipal brackets as well as statutory First-Time Homebuyer rebates up to $8,475.

Property Details

Ontario Ministry of Finance & City of Toronto 2026 Statutory Rules

$CAD

Agreed purchase price on the Agreement of Purchase and Sale

Up to $4,000 ON + $4,475 Toronto refund

Toronto postal codes attract MLTT

Total Land Transfer Tax Due
CA$18,475.00
Effective Tax Rate: 2.17%Includes Provincial + Toronto MLTT

Calculation Breakdown

Purchase Price
CA$850,000.00
Ontario Provincial Land Transfer Tax (Base)
CA$13,475.00
Ontario First-Time Homebuyer Rebate

Statutory max rebate $4,000 CAD

-CA$4,000.00
Net Ontario Provincial Tax
CA$9,475.00
Toronto Municipal Land Transfer Tax (Base)
CA$13,475.00
Toronto First-Time Homebuyer Rebate

City of Toronto max rebate $4,475 CAD

-CA$4,475.00
Net Toronto Municipal Tax
CA$9,000.00

โ€ขCalculated in accordance with Ontario Ministry of Finance Land Transfer Tax Act guidelines.

โ€ขApplied eligible First-Time Homebuyer rebates ($4,000 provincial + $4,475 Toronto).

โ€ขIncludes City of Toronto Municipal Land Transfer Tax (MLTT).

Verified source: Rates confirmed against Ontario Ministry of Finance โ€” Land Transfer Tax Act and City of Toronto โ€” MLTT Schedule. Scroll down for your full bracket breakdown.
Your Calculation โ€” Step by Step

How Your Land Transfer Tax Was Calculated

Based on your inputs: $850,000.00 CAD purchase price โ€ข City of Toronto (Provincial + MLTT) โ€ข First-Time Homebuyer (rebate eligible)

1

Ontario Provincial Tax โ€” Graduated Brackets

$13,475.00 CAD
BracketPortionRateTax
First $55,000$55,000.00 CAD0.5%$275.00 CAD
$55,001 to $250,000$195,000.00 CAD1%$1,950.00 CAD
$250,001 to $400,000$150,000.00 CAD1.5%$2,250.00 CAD
$400,001 to $2,000,000$450,000.00 CAD2%$9,000.00 CAD

Ontario applies progressive rates on the same property price. Each tier only taxes the portion of the price within that bracket.

2

Ontario First-Time Homebuyer Rebate

-$4,000.00 CAD

min($13,475.00 CAD, $4,000 max rebate) = $4,000.00 CAD rebate โ†’ Net Provincial Tax: $9,475.00 CAD

Eligible buyers receive a provincial rebate capped at $4,000 CAD โ€” effectively eliminating the tax on homes up to ~$368,000.

3

Toronto Municipal Land Transfer Tax (MLTT)

$13,475.00 CAD

MLTT uses identical brackets to provincial tax โ†’ base: $13,475.00 CAD โ†’ Toronto first-time rebate: -$4,475.00 CAD โ†’ Net: $9,000.00 CAD

The City of Toronto Act grants Toronto the authority to levy its own MLTT at the same progressive rates. First-time buyers can also claim up to $4,475 CAD from the city.

Total Land Transfer Tax at Closing

CA$18,475.00

Effective Rate2.17%

How This Calculation Works & Applicable Rules

Calculation Methodology

  • 01Purchase Price Valuation: Tax is calculated on the total consideration (purchase price) paid for the property.
  • 02Ontario Graduated Brackets: Rates step up from 0.5% on the first $55,000, 1.0% up to $250,000, 1.5% up to $400,000, 2.0% up to $2,000,000, and 2.5% on amounts over $2,000,000 for single-family residences.
  • 03Toronto Municipal Tax (MLTT): If the property has a Toronto postal code (boundaries of Etobicoke, North York, Scarborough, and Old Toronto), a second tax is assessed using matching progressive tiers.
  • 04First-Time Homebuyer Rebate: Eligible buyers receive up to a $4,000 refund on provincial tax and up to $4,475 on Toronto municipal tax.

Statutory Rules & Provisions

  • โ€ขOntario Land Transfer Tax is payable by the purchaser, not the seller, and is due on the date of title registration.
  • โ€ขThe First-Time Homebuyer Rebate requires that the purchaser be at least 18 years old, a Canadian citizen or permanent resident, and never have owned a home anywhere in the world.
  • โ€ขIf a spouse has previously owned a home while married to the purchaser, the purchaser is disqualified from receiving the rebate.
  • โ€ขCommercial and agricultural properties are subject to different thresholds than residential properties containing one or two single-family residences.

Current Statutory Rates & Thresholds

Tax / Bracket / LevyStatutory RateApplication Notes
First $55,0000.50%Provincial & Toronto MLTT
$55,000.01 to $250,0001.00%Provincial & Toronto MLTT
$250,000.01 to $400,0001.50%Provincial & Toronto MLTT
$400,000.01 to $2,000,0002.00%Provincial & Toronto MLTT
Over $2,000,000 (Residential)2.50%Single-family residential tier
Provincial First-Time RebateMax $4,000Eliminates tax on homes up to $368,000
Toronto First-Time RebateMax $4,475Eliminates MLTT on homes up to $400,000

Calculation Assumptions & Boundary Limits

  • Assumes residential property containing one single-family residence.
  • Calculations based on 2026 Ontario Ministry of Finance and City of Toronto Revenue Services regulations.
  • Does not include provincial Non-Resident Speculation Tax (NRST) of 25%, which applies if the buyer is not a Canadian citizen or permanent resident.

Official Sources & Regulatory Reference

Calculation Year: 2026 ยท Last Reviewed: September 2026

CalcGeo calculates estimates based on published statutory formulas, brackets, and tax schedules from official government and regulatory authorities.

Independent Platform Notice: CalcGeo is an independent calculation resource. We are not an agent of, affiliated with, or endorsed by the government agencies listed above. Calculations are based strictly on publicly gazetted statutes.

Frequently Asked Questions

When exactly is Ontario Land Transfer Tax paid?

Ontario LTT is due and payable on the date of title registration โ€” typically the closing day of your real estate transaction. Your real estate lawyer collects the LTT funds as part of your total closing costs and submits them electronically via Teraview (the Ontario land registration system). You cannot register title without the tax being remitted. Budget for LTT in your closing cost estimates well in advance; it is due immediately on possession, not in installments.

Why do buyers in Toronto pay two land transfer taxes?

Toronto City Council enacted its own Municipal Land Transfer Tax (MLTT) under the authority granted by the City of Toronto Act, 2006 (Section 267). Properties with a Toronto postal code (bounded broadly by Steeles Ave. to the north, Etobicoke Creek to the west, Lake Ontario to the south, and the Scarborough-Durham border to the east) are subject to both the provincial Land Transfer Tax Act and the City of Toronto's MLTT By-law. The rates mirror each other, so Toronto buyers effectively pay double. Properties outside Toronto โ€” even immediately adjacent (e.g., Mississauga, Brampton, Markham) โ€” pay only the provincial rate.

What are the exact eligibility criteria for the First-Time Homebuyer Rebate?

To qualify for the Ontario provincial rebate (max $4,000): (1) You must be at least 18 years old at closing; (2) You must be a Canadian citizen or permanent resident; (3) You must occupy the property as your principal residence within 9 months of closing; (4) You must never have owned an eligible home anywhere in the world โ€” including outside Canada. Critically, if your spouse has previously owned a home while you were spouses, you are disqualified even if you personally never owned property. For Toronto's MLTT rebate (max $4,475), identical rules apply but must be claimed separately through the City of Toronto. Both rebates are applied at the time of registration and reduce the tax otherwise payable.

Does Ontario Land Transfer Tax apply to pre-construction condos or assignments?

Yes. For pre-construction condos, LTT is assessed on the final closing purchase price โ€” not the interim occupancy date. This matters because the purchase price can differ from the original contract price due to upgrades, adjustments, or HST. For assignment sales (where the original buyer sells their purchase contract to a new buyer before final closing), the assignee โ€” the new buyer โ€” pays LTT on the final purchase price at their closing. The original buyer's intent or payments do not reduce the assignee's LTT liability.

Does the Non-Resident Speculation Tax (NRST) apply in addition to LTT?

Yes. If the buyer is not a Canadian citizen or permanent resident, a 25% Non-Resident Speculation Tax (NRST) applies to residential properties in Ontario (excluding areas outside the Greater Golden Horseshoe in some cases). The NRST is calculated separately on the full purchase price and is layered on top of both Ontario LTT and Toronto MLTT. This calculator does not include the NRST โ€” buyers who may be subject to it should seek legal advice to determine whether any exemptions apply (e.g., international student exemption, nominee exemption).

Is Ontario Land Transfer Tax deductible for income tax purposes?

No. Ontario LTT is a one-time closing cost, not an ongoing expense, so it is not deductible for personal income tax purposes in Canada. However, it is treated as part of the Adjusted Cost Base (ACB) of your property. When you eventually sell the property, the LTT you paid at purchase increases your ACB, which reduces your capital gain and the resulting capital gains tax. Keep your closing cost records for this purpose.

Related Calculators

In-Depth Regulatory Guide

Ontario Land Transfer Tax & First-Time Buyer Rebates Explained

Understand closing costs in Ontario: how provincial and Toronto municipal tax tiers interact and how to maximize first-time buyer rebates.

Read Guide โ†’