Land Transfer Tax Calculator
Use our Land Transfer Tax Calculator to get an accurate estimate of your total tax liability before closing.
Easily Estimate Your Land Transfer Tax in Ontario
When purchasing a property in Ontario, buyers are required to pay a Land Transfer Tax (LTT), which varies based on the property’s purchase price and location. Use our Land Transfer Tax Calculator to instantly determine how much you’ll need to pay, including potential rebates for first-time homebuyers.
Land Transfer Tax Breakdown
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FAQs
Land Transfer Tax (LTT) is a one-time tax paid by the buyer when purchasing real estate in Ontario. The amount is calculated based on the property’s purchase price.
The buyer is responsible for paying the Land Transfer Tax at closing. The seller does not pay this tax.
LTT is calculated using a tiered percentage system based on the purchase price of the property. Higher-value properties are subject to higher tax rates.
Yes. If you buy a property in Toronto, you must also pay the Municipal Land Transfer Tax (MLTT), which follows the same tiered structure as the provincial LTT.
Yes. First-time homebuyers in Ontario may receive a rebate of up to $4,000 on their Land Transfer Tax. In Toronto, an additional rebate of up to $4,475 may apply.
To reduce closing costs, you can:
- Apply for first-time homebuyer rebates.
- Negotiate lower legal fees.
- Compare mortgage lenders for the best rates.
- Avoid unnecessary home inspection or appraisal costs if not required.
The tax must be paid at the time of closing when the property ownership is officially transferred to you.
our lawyer will handle the payment as part of the closing process. If it is not paid, the property transaction cannot be completed.
Certain transfers, such as those between spouses, family members, or due to inheritance, may be exempt from LTT. Consult a real estate lawyer to determine eligibility.
No, the Land Transfer Tax must be paid in full at closing and cannot be rolled into your mortgage.
Use our Land Transfer Tax Calculator to get an instant estimate of how much you’ll need to pay, including any applicable rebates.