Ontario Land Transfer Tax Calculator
When you a buy a house or condo in Ontario you are subject to land transfer tax on closing. Use Ratehub.ca’s calculator to determine your land transfer tax or view Ontario’s current rates below.
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Ontario land transfer tax: FAQ
Who pays land transfer tax in Ontario?
How do I avoid land transfer tax in Ontario?
Is there a land transfer tax rebate in Ontario?
Can I claim land transfer tax on my income tax?
What is the Non-Resident Speculation Tax (NRST) in Ontario?
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Guide to Ontario land transfer tax
Jamie David, Sr. Director of Marketing and Mortgages
How much is the land transfer tax in Ontario?
The Ontario land transfer tax (LTT) is a marginal tax, and each portion of your home’s value is taxed at a unique rate. These tax rates are as follows:
| Purchase price of home | Marginal tax rate |
| First $55,000 | 0.5% |
| $55,000.01 to $250,000.00 | 1.0% |
| $250,000.01 to $400,000.00 | 1.5% |
| $400,000.01 to $2,000,000.00 | 2.0% |
| Over $2,000,000 | 2.5% |
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If you’re buying a home in Toronto, you’ll also be subject to the municipal land transfer tax. Keep in mind that there are other closing costs in Ontario too — like real estate lawyer fees and home inspection costs—that you’ll need to budget for.
Example calculation of how Ontario Land Transfer Tax works
Let’s assume that you are purchasing a house for $300,000:
Ontario land transfer tax calculation:
- $55,000 first marginal tax bracket
× 0.50% marginal tax rateÂ
= $275 land transfer tax - ( $250,000 upper marginal tax bracket - $55,000Â lower marginal tax bracket )
× 1.0% marginal tax rate
= $1,950 land transfer tax - ( $300,000 upper marginal tax bracket - $250,000 lower marginal tax bracket )
× 1.5% marginal tax rate
= $750 land transfer tax - $275 + $1,950 + $750Â
= $2,975 total Ontario land transfer tax
Who is eligible for first-time home buyer LTT rebate in Ontario?
To qualify for the Ontario land transfer tax refund, you must meet all of the following criteria:
- Be a Canadian citizen or a permanent resident of Canada.
- Be 18 years or older.
- Occupy the home as your principal residence within 9 months of the purchase.
- Have never owned a home or any interest in a home, anywhere in the world.
- Your spouse must not have owned a home while being your spouse (but may be a previous homeowner).
- If purchasing a newly built home, it must qualify for a Tarion New Home Warranty.
- Apply for the refund within 18 months of the property’s registration.
What is the Ontario land transfer tax rebate?
For first-time home buyers, there is a maximum $4,000 tax rebate on the Ontario land transfer tax. Based on Ontario’s land transfer tax rates, this refund will cover the full tax for homes up to $368,000. For homes purchased for more than $368,000, buyers will receive the full $4,000 rebate and pay the remaining LTT balance.
The following table contains several example calculations of the Ontario land transfer tax rebate:
| Purchase price of home | Land title transfer tax | First-time home buyer rebate | Net tax payable |
| $100,000 | $725 | $725 | $0 |
| $250,000 | $2,225 | $2,225 | $0 |
| $368,000 | $4,000 | $4,000 (max limit) | $0 |
| $400,000 | $4,475 | $4,000 | $475 |
| $600,000 | $8,475 | $4,000 | $4,475 |
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How to apply for the first-time home buyer refund
Taxpayers can claim an immediate refund when registering the land transfer papers and paying their taxes. Tax rebate application forms are available online for home buyers registering electronically or on paper at government offices.
If the rebate is not claimed at the time of registration, the full tax is paid and a refund claim can be made to the Ministry of Finance within 18 months. Information required for the application includes:
- A completed Ontario Land Transfer Tax Refund Affidavit for First Time Purchasers of Eligible Homes
- A copy of the registered land transfer deed
- A copy of the agreement of purchase and sale
- A copy of a document that provides proof of residence, such as a driver’s license, telephone/cable bills, etc.
- Proof of Canadian citizenship or permanent residence
What is the Toronto land transfer tax?
Property sales in Toronto are also subject to the City of Toronto's municipal land transfer tax (MLTT) in addition to the provincial land transfer tax. This municipal tax only applies to properties located within the City of Toronto’s official boundaries. It does not apply to surrounding municipalities in the Greater Toronto Area (such as Mississauga, Markham, Vaughan, or Brampton).
As of January 1, 2024, an expanded MLTT threshold took effect in the City of Toronto, for homes valued at $3 million or more, and that have a maximum of two single-family residences. The new levy starts at 3.5% of the home’s value, and ranges up to 7.5% for homes valued at $20 million and above.
The following table outlines the current tax rates:
| Purchase price of home | Marginal tax rate |
| First $55,000 | 0.5% |
| $55,000.01 to $250,000.00 | 1.0% |
| $250,000.01 to $400,000.00 | 1.5% |
| $400,000.01 to $2,000,000.00 | 2.0% |
| Over $2,000,000 | 2.5% |
| Over $3,000,000 and up to $4,000,000 | 3.5% |
| Over $4,000,000 and up to $5,000,000 | 4.5% |
| Over $5,000,000 and up to $10,000,000 | 5.5% |
| Over $10,000,000 and up to $20,000,000 | 6.5% |
| Over $20,000,000 | 7.5% |
Note: These rates apply only to the Toronto portion of the land transfer tax. The same amount is also paid again at the provincial level, effectively doubling the tax owed.
For more information, head on to our Toronto Land Transfer Tax page.