Toronto - Land Transfer Tax

When purchasing a property in Toronto, you’ll have to pay both the Provincial Land Transfer Tax as well as a Municipal Land Transfer Tax, which are both due upon closing. If you’re a first-time home buyer, you’re eligible for a rebate on both the provincial and municipal taxes - a maximum of $4,000 for provincial and $4,475 for municipal. See below for provincial and Toronto land transfer tax rates.

Ontario Land Transfer Tax

Purchase PriceRate
$0 - $55,0000.5%
$55,000.01 - $250,0001.0%
$250,000.01 - $400,0001.5%
$400,000.01 - $2,000,0002.0%
$2,000,000+2.5%

Toronto Land Transfer Tax

Purchase PriceRate
$0 - $55,0000.5%
$55,000.01 - $250,0001.0%
$250,000.01 - $400,0001.5%
$400,000.01 - $2,000,0002.0%
$2,000.000+2.5%

Land Transfer Tax Calculator

$
Provincial tax$6,475
Municipal tax$6,475
Rebate$0
Total land transfer tax$12,950