How much is land transfer tax in Ontario?

Ontario LTT ranges from 0.5% to 2.5% based on home price. A $700,000 home costs $22,950 in LTT (more in Toronto).

Do first-time buyers get a rebate?

Yes, first-time buyers can receive up to $4,000 rebate on provincial LTT, plus up to $4,475 on Toronto LTT.

Ontario Land Transfer Tax Calculator 2026 (Rates & Rebates)

First-Time Buyers: Programs, down payment strategies, and the buying process in our First-Time Home Buyer Guide.

Ontario land transfer tax is a significant closing cost that varies from 0.5% to 2.5% of the purchase price. A $700,000 home costs $22,950 in provincial LTT alone.

Ontario Land Transfer Tax Rates

Purchase Price Portion	Tax Rate
First $55,000	0.5%
$55,001 - $250,000	1.0%
$250,001 - $400,000	1.5%
$400,001 - $2,000,000	2.0%
Over $2,000,000	2.5%

LTT by Home Price

Home Price	Provincial LTT	Toronto LTT	Total (Toronto)
$400,000	$7,475	$7,475	$14,950
$500,000	$11,475	$11,475	$22,950
$600,000	$15,475	$15,475	$30,950
$700,000	$19,475	$19,475	$38,950
$800,000	$23,475	$23,475	$46,950
$1,000,000	$31,475	$31,475	$62,950
$1,500,000	$51,475	$51,475	$102,950

Toronto buyers pay DOUBLE — municipal LTT mirrors provincial rates.

First-Time Home Buyer Rebate

Rebate Type	Maximum
Provincial LTT rebate	$4,000
Toronto LTT rebate	$4,475
Combined (Toronto)	$8,475

The provincial rebate eliminates LTT on homes up to $368,000.

Calculation Examples

Example 1: $500,000 Home (Toronto, First-Time Buyer)

Component	Amount
Provincial LTT	$11,475
Toronto LTT	$11,475
Less: Provincial rebate	-$4,000
Less: Toronto rebate	-$4,475
Total LTT owing	$14,475

Example 2: $800,000 Home (Outside Toronto, Not First-Time)

Component	Amount
Provincial LTT	$23,475
First-time rebate	$0
Total LTT owing	$23,475

Toronto Municipal Land Transfer Tax

Toronto has its own LTT matching provincial rates:

Price Range	Toronto LTT Rate
First $55,000	0.5%
$55,001 - $250,000	1.0%
$250,001 - $400,000	1.5%
$400,001 - $2,000,000	2.0%
Over $2,000,000	2.5%

First-Time Buyer Eligibility

To qualify for the rebate:

Requirement	Details
Age	18+
Never owned home	Anywhere in the world
Live in the home	Within 9 months
Canadian citizen/PR	Must be at closing
Spouse never owned	If purchasing with spouse

LTT on Different Property Types

Property Type	LTT Applies?
Resale home	✅ Yes
New construction	✅ Yes
Condo	✅ Yes
Cottage/vacation	✅ Yes
Commercial property	Higher rate may apply
Farm (some)	Reduced rates possible

Ways to Reduce LTT

Strategy	Potential Savings
Buy outside Toronto	Save municipal LTT
First-time buyer status	Up to $8,475
New construction rebate	Varies
Gifted down payment	Still full LTT
Assignment sale	May reduce LTT

When Is LTT Due?

Timing	Details
Due date	Closing day
Payment method	Through lawyer
Included in closing costs	Yes
Financing option	None — must pay cash

Budget for full LTT amount at closing.

LTT vs Other Closing Costs

Closing Cost	Typical Amount
Land transfer tax (provincial)	$10,000-$50,000
Land transfer tax (Toronto)	$10,000-$50,000
Legal fees	$1,500-$2,500
Title insurance	$300-$500
Home inspection	$400-$600
Appraisal (if required)	$300-$500
Moving costs	$500-$3,000

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

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