Land transfer tax · Ontario · 2026
Land transfer tax on a $500,000 home in Ontario
$6,475 for most buyers, $2,475 if it's your first home.
Land transfer tax
$6,475
1.29% of the price
First-time buyer
$2,475
You save $4,000
Ontario charges land transfer tax on every home purchase, in five bands from 0.5% to 2.5%. This is the amount outside the City of Toronto; Toronto buyers also pay a municipal tax.
Free calculator with every province and first-time buyer rebates
How the Ontario land transfer tax is worked out
On a $500,000 purchase
| Band | Rate | Taxed | Tax |
|---|---|---|---|
| Up to $55,000 | 0.5% | $55,000 | $275 |
| $55,000 to $250,000 | 1% | $195,000 | $1,950 |
| $250,000 to $400,000 | 1.5% | $150,000 | $2,250 |
| $400,000 to $2,000,000 | 2% | $100,000 | $2,000 |
| Total | $6,475 |
First-time home buyers
First-time buyers get up to $4,000 back, so a first home up to $368,000 pays no Ontario land transfer tax.
- Ontario land transfer tax$6,475
- First-time buyer refund (Ontario)−$4,000
First-time buyer total: $2,475
Cash you'll need at this price
With less than 20% down, here's the least you'd bring to closing before legal fees, inspection and moving.
- Minimum down payment$25,000
- Land transfer tax$6,475
- Sales tax on mortgage insurance$1,520
- Total$32,995
The $19,000 mortgage insurance premium (25-year amortization) is added to your mortgage, but the provincial sales tax on it is paid in cash.
Add legal fees, inspection and more in the closing costs calculator →
Land transfer tax on $500,000 across Canada
Saskatchewan, Newfoundland and Labrador and the territories charge only land titles fees.
| Where you buy | Tax |
|---|---|
| Ontario | $6,475 |
| Toronto | $12,950 |
| British Columbia | $8,000 |
| Quebec | $5,611 |
| Montreal | $5,611 |
| Manitoba | $7,650 |
| New Brunswick | $5,000 |
| Nova Scotia (Halifax) | $7,500 |
| Prince Edward Island | $5,000 |
| Alberta (fees only) | $1,000 |
Frequently asked questions
How much is land transfer tax on a $500,000 house in Ontario?
The Ontario land transfer tax on a $500,000 home is $6,475 in 2026, about 1.29% of the price. First-time buyers pay $2,475.
Do first-time buyers pay less?
First-time buyers get up to $4,000 back, so a first home up to $368,000 pays no Ontario land transfer tax.
When do you pay land transfer tax?
Your lawyer pays it when the sale is registered on closing day, from the money you bring to closing. It can't be added to your mortgage.
Is land transfer tax based on the price or the assessed value?
It's based on the price you pay (the value of the consideration). If you buy for less than market value, for example from a relative, the province can tax the fair market value instead.
Other prices in Ontario
Rates for 2026. Sources: Ontario land transfer tax. Estimates for planning, not legal or tax advice. Your lawyer or notary confirms the final amount.