Ontario Land Transfer Tax Calculator

Land transfer tax (LTT) is one of the largest fees associated with the closing of your home and is often overlooked when calculating your total purchase amount. LTT is paid by homebuyers to the province when the ownership of the home or property is transferred from the seller to the buyer. In some cities, such as Toronto, buyers are also required to pay a municipal land transfer tax. 

See: Everything You Need to Know About the Land Transfer Tax

Land transfer tax calculator

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Land transfer tax rates in Ontario

Land transfer tax rates in Ontario are calculated based on the purchase price of your property as well as the location. In Toronto, municipal land transfer tax is also required (see details in Toronto section below). 

 

Home Purchase Price

Marginal Tax Rate

Up to $55,000

0.5%

$55,001-$250,000

1.0%

$250,001-400,000

2.0%

$2,000,000+

2.5%

 

Ontario land transfer tax rebate

In Ontario and the City of Toronto, first-time home buyers are eligible for a refund of all or part of the land transfer tax. 

 

First-time home buyer eligibility in Ontario

As mentioned above, in both Ontario and the City of Toronto, first-time home buyers are eligible for a refund of all or part of the land transfer tax.

 

Ontario non-resident speculation tax

The non-resident speculation tax (NRST) is a 15% tax on the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe Region (GGH) by individuals who aren’t citizens or permanent residents of Canada, or by foreign corporations (foreign entities) and taxable trustees.

 

The NRST applies in addition to the general LTT in Ontario (and municipal land transfer tax in Toronto, if applicable).

 

GGH includes the following geographic areas:

  • City of Barrie
  • County of Brant
  • City of Brantford
  • County of Dufferin
  • Regional Municipality of Durham
  • City of Guelph
  • Haldimand County
  • Regional Municipality of Halton
  • City of Hamilton
  • City of Kawartha Lakes
  • Regional Municipality of Niagara
  • County of Northumberland
  • City of Orillia
  • Regional Municipality of Peel
  • City of Peterborough
  • County of Peterborough
  • County of Simcoe
  • City of Toronto
  • Regional Municipality of Waterloo
  • County of Wellington
  • Regional Municipality of York

 

Land transfer tax rates in Toronto

In Toronto, the following municipal land transfer tax rates are charged in addition to paying Ontario’s provincial land transfer tax.

 

Home Purchase Price

Marginal Tax Rate

Up to $55,000

0.5%

$55,001-$250,000

1.0%

$250,001-400,000

2.0%

$2,000,000+

2.5%

 

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