Calculators›Land Transfer Tax
Land transfer tax is due in cash on closing day, and Toronto buyers pay it twice. See exactly how your price is taxed in layers, and what a first-time buyer rebate claws back.
LTT is just one of your closing costs. We'll walk you through the full picture before you sign anything.
Talk to a broker →The fine print
It's the single biggest closing cost most buyers forget to budget for, and in Toronto it's effectively doubled.
A provincial (and in Toronto, municipal) tax paid when ownership of property changes hands. It's due on closing day, paid through your real estate lawyer, and cannot be financed into your mortgage, so budget for it as a cash cost.
If only one buyer qualifies, the rebate is proportional to their ownership interest (typically 50%).
Total closing costs usually run 1.5–4% of price, on top of LTT.
Ontario LTT uses a marginal bracket system: each rate applies only to the portion of the price within its range, not the whole price. That's exactly what the "layer by layer" breakdown above shows. Source: Ontario Ministry of Finance.
Properties inside Toronto pay a second, similarly-structured tax on top of the provincial one, effectively doubling LTT. The MLTT was expanded in 2024 with new luxury brackets above $2M. This calculator uses the current structure as of May 2026; always confirm with your lawyer before closing.
Buying with a partner where only one of you is a first-time buyer? This calculator assumes a 50% ownership interest and applies half the maximum rebate (Ontario up to $4,000; Toronto up to $4,475). Your actual rebate may differ with a different ownership split.
Verify before you close. Rates and rebate caps change. These figures reflect the bracket structure as of May 2026; your lawyer confirms the final amount on your statement of adjustments.
Three free tools to run the numbers before you talk to a broker.
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