Land Transfer Tax Calculator

Buying or selling a home in Ontario? This website is a quick reference and land transfer tax calculator for real estate consumers.

DISCLAIMER: LandTransferTaxCalculator.ca accepts no responsibility for any loss arising from any use or reliance on the information contained or produced through calculative function herein.

Understand the Cost: Why Land Transfer Tax Matters in Ontario

When purchasing a home in Ontario, land transfer tax is one of the largest closing costs you’ll face – and it’s not optional. The amount you owe depends on the property’s purchase price and location. For example, a home bought for $800,000 in Toronto could incur:

Provincial Land Transfer Tax (PLTT): $12,475
Municipal Land Transfer Tax (MLTT): $12,475
Total Land Transfer Tax: $24,950

First-time home buyers may qualify for rebates of up to $2,000 (PLTT) and $3,725 (MLTT), reducing the total to $19,225 in this scenario.

Since this tax is due immediately upon closing, it’s crucial to include it in your budget early. Many buyers overlook this cost and are caught off guard during the final stages of the transaction. Using a land transfer tax calculator can help you estimate your total and avoid financial surprises.

If you find yourself facing an unexpected shortfall – whether due to last-minute legal fees, closing adjustments, or moving expenses – it’s worth exploring reputable resources that compare short-term financial solutions. For example, https://www.pretargentrapide.ca/ delivers an overview of quick loan online providers in Canada, including reviews and comparisons of lenders, so you can make an informed decision if you need fast access to funds.

Once you’ve accounted for all potential expenses, it’s important to understand exactly how land transfer tax is calculated.

If you purchase land or an interest in land in Ontario, you are required to pay the Provincial Land Transfer Tax (PLTT). If you have purchased this land or an interest in land located in Toronto, you are required to pay the Municipal Land Transfer Tax (MLTT) in addition to the PLTT.

Ontario Land Transfer Tax

Provincial Land Transfer Tax (PLTT)

Up to $55,000 X 0.5% of total property value
From $55,000 to $250,000 X 1% of total property value
From $250,000 to $400,000 X 1.5% of total property value
From $400,000 up X 2% of total property value
The City of Toronto levies an additional LTT on Toronto real estate in addition to the provincial rate.

Toronto Land Transfer Tax

Municipal Land Transfer Tax (MLTT)

Up to and including $55,000.00 X 0.5% of total property value
From $55,000.01 to $400,000.00 X 1% of total property value
Over $400,000.00 X 2% of total property value

Land Transfer Tax Rebates: First Time Home Buyers

If you are a first time home buyer you are eligable for rebates for both the Municipal and Provincial Land Transfer Tax

Municipal Land Transfer Tax (MLTT): Maximum $3725
Provincial Land Transfer Tax (PLTT): Maximum $2000

Must Read: More Information on Land Transfer Taxes in Ontario and Toronto

Municipal Land Transfer Tax: City of Toronto
Provincial Land Transfer Tax: Ontario Government
Toronto Real Estate Board: Land Transfer Tax Overview

We encourage our users to educate themselves on this topic and its intricacies. We recommend that users speak to a government representative, a licensed Realtor and a real estate lawyer.