Ontario land transfer tax calculator.

How land transfer tax works in Ontario

Ontario Land Transfer Tax (LTT) is a one-time tax the buyer pays when title changes hands. It’s due on closing day, must be paid in cash, and cannot be added to your mortgage. Tiered tax of 0.5%–2.5% on purchase price, calculated at closing on the entire amount. Each bracket applies only to the dollars inside it, so your effective rate lands below the top bracket your price reaches.

First-time buyer relief in Ontario

First-time buyers can claim up to $4,000 in Ontario LTT rebate; Toronto purchases stack an additional municipal $4,475 FTHB rebate. The rebate is a credit against your ontario land transfer tax (ltt), applied on closing — it lowers the cash you bring, not your mortgage. Confirm eligibility before you firm up an offer: typically you must be 18+, never have owned a home anywhere, and (if buying with a partner) the rebate is prorated to your share.

The municipal layer

Toronto purchases pay BOTH Ontario LTT AND Toronto Municipal LTT — effectively doubling the closing cost on city properties. Use the municipality selector above to see the combined figure.

Fold it into your closing budget

Ontario Land Transfer Tax (LTT) is usually the largest single line on your closing statement, so once you know it, add it to your full closing costs estimate alongside legal fees, title insurance, and the PST on any CMHC premium. First-time buyer? The first-time buyer guide covers the FHSA, the RRSP Home Buyers’ Plan, and how they stack. Then lock your Ontario mortgage rate.