FAQ

Ontario Land Transfer Tax Calculator

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 the city of Toronto, you are required to pay the Municipal Land Transfer Tax (MLTT) in addition to the PLTT.

Ontario – 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 and up x 2% of total property value

City of  Toronto – 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

Note: The City of Toronto Levy is in addition to the provincial tax.

Land Transfer Tax Rebates: First Time Home Buyers Only

First time home buyers may be eligible for rebates for both the Municipal
and Provincial Land Transfer Taxes up to a maximum allowed value if the necessary requirements are satisfied.

Requirements to Qualify for a Refund

Eligibility Requirements

  • The purchaser must occupy the home as his or her principal residence no later than nine months after the date of the conveyance or disposition.
  • The purchaser cannot have previously owned a home, or had any ownership interest in a home, anywhere in the world, at any time.
  • If the purchaser has a spouse, the spouse cannot have owned a home, or had any ownership interest in a home, anywhere in the world, while he or she was the purchaser’s spouse. If this is the case, refund is available to either spouse

Provincial Rebate – For conveyances or dispositions that occur before January 1, 2017, the maximum amount of the refund is $2,000.

Beginning January 1, 2017, the maximum amount of the refund is $4,000. The increased limit of $4,000 applies only to conveyances or dispositions that occur on or after January 1, 2017, regardless of the date the agreement of purchase and sale was signed.

Beginning January 1, 2017, no land transfer tax would be payable by qualifying first‑time purchasers on the first $368,000 of the value of the consideration for eligible homes. First‑time purchasers of homes greater than $368,000 would receive a maximum refund of $4,000.

Toronto Rebate  Prior to March 1, 2017

For conveyances and dispositions of beneficial interest in land of an eligible home prior to March 1, 2017, a rebate of up to $3,725.00 is available. The definition of a first-time purchaser is:

  • the purchaser is at least 18 years of age
  • the purchaser must occupy the home as their principal residence no later than nine months after the date of the conveyance or disposition
  • the purchaser cannot have previously owned a home, or had any ownership interest in a home, anywhere in the world, at any time
  • if the purchaser has a spouse, the spouse cannot have owned a home, nor had any ownership interest in a home, anywhere in the world while they were the purchaser’s spouse

On or After March 1, 2017

For conveyances and dispositions of beneficial interest in land of an eligible home on or after March 1, 2017, a rebate of up to $4,475.00 is available. The definition of a first-time purchaser includes all of the above, and:

  • the purchaser is a Canadian citizen or permanent resident of Canada. If the purchaser becomes a Canadian citizen or permanent resident within 18 months of the transfer, they may apply for and may qualify for the rebate

Other Information on Land Transfer Taxes in Ontario and Toronto
Municipal Land Transfer Tax: City of Toronto
Provincial Land Transfer Tax: Ontario Government
Municipal Land Transfer Tax: Ontario Governemnt
Toronto Real Estate Board: Land Transfer Tax Overview

Calculate Residential Land Transfer Taxes

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Provincial Land Transfer Tax

Toronto Land Transfer Tax

Total Land Transfer Tax

*Toronto Properties Only

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