How is Land Transfer Tax calculated in Ontario and Toronto?

In Ontario, land transfer tax is calculated on a tiered marginal scale from 0.5% to 2.5%. If purchasing in the City of Toronto, buyers pay both the Ontario provincial land transfer tax and an identical Toronto municipal land transfer tax.

Do first-time home buyers get a rebate on Land Transfer Tax?

Yes. Eligible first-time home buyers in Ontario can receive up to a $4,000 provincial rebate, and an additional $4,475 municipal rebate if purchasing in Toronto, saving up to $8,475 in closing taxes.

Land Transfer Tax Calculator

Most provinces in Canada (except Alberta and Saskatchewan) charge a land transfer tax when you buy a home. Here's how it works and how to estimate it.

Purchase price$ Province In the City of Toronto First-time home buyer

Land transfer tax

At other prices, same location

Price	Tax	First-time buyer

Land transfer tax by province

Ontario Toronto British Columbia Quebec Montreal Manitoba New Brunswick Nova Scotia P.E.I.Alberta

Provincial Rates

Rates are typically tiered based on the purchase price. For example, in Ontario, the tax starts at 0.5% on the first $55,000 and goes up to 2.5% on amounts over $2 million.

First-Time Rebates

If you are a first-time home buyer, you may be eligible for a significant rebate. In Ontario, the rebate can be up to $4,000, and in Toronto, an additional $4,475 is available.

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