Land Transfer Tax Ontario

Mississauga Ontario land transfer tax


Purchasers in Ontario add Land Transfer Taxes to their list of closing costs. Land transfer taxes are levied on properties that are changing hands, are the responsibility of the purchaser.

Ontario Land Transfer Tax Calculator

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Land Transfer Tax: $-
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Provincial:        Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province. plus
Municipal:        Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home. plus
Rebate:        Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province. minus

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Ontario Land Transfer Tax:

First $55,000 X 0.5 %
On $55,000 to $250,000 X 1 %
On $250,001 to $400,000 X 1.5 %
Over $400,001 X 2.5 % where the land contains one or two single family residences.

Additional New Toronto's Land Transfer Tax:

Toronto home buyers will pay additional new tax rates:
0.5% on first $55,000,
1% on next $345,000, and
2% on portion over $400,000

Exemption: First time buyer do not pay the new tax on the first $400,000 of a property purchase. More about Toronto's new land transfer tax

Land Transfer Tax Rebate

First-time home buyers of an eligible home would receive a maximum refund of $4,000. Or in other words, first-time buyers will not pay land transfer tax on the first $368,000 of the cost of their homes.

Eligibility of the buyer:

Eligibility of the property

Restrictions on amount claimed:

Other conditions

For more information on land transfer tax rebate speak to your real estate lawyer or visit Revenue Canada's website. 

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