Enter a price, pick the city, flag your first time buyer or corporate status. Get the exact amount payable at closing. Verified against the Ontario Ministry of Finance schedule.
Source: Ontario Ministry of Finance, Land Transfer Tax Act · Toronto Municipal Land Transfer Tax By law 1423 2007 · Last verified 18 April 2026.
Land Transfer Tax applies when title to Ontario real property changes hands. The provincial schedule is tiered from 0.5 percent on the first 55,000 up to 2.5 percent on amounts above 2,000,000. Toronto adds a municipal tax that mirrors the provincial brackets. On a 750,000 Toronto home you pay 11,475 provincial plus 11,475 municipal, for a combined 22,950 due at closing. First time buyers can claim up to 4,000 of provincial LTT and up to 4,475 of Toronto municipal LTT back at registration.
Ontario uses a tiered schedule. Each band applies only to the portion of the purchase price that falls inside it, not the whole price. The calculator walks the brackets in order, then adds Toronto MLTT if applicable, then subtracts the first time home buyer rebate where eligible.
| Portion of purchase price | Provincial rate | Toronto (adds) |
|---|---|---|
| 0 to 55,000 | 0.5 percent | 0.5 percent |
| 55,001 to 250,000 | 1.0 percent | 1.0 percent |
| 250,001 to 400,000 | 1.5 percent | 1.5 percent |
| 400,001 to 2,000,000 | 2.0 percent | 2.0 percent |
| Above 2,000,000 | 2.5 percent | 2.5 percent |
Toronto rates shown are additive to provincial on properties within Toronto city limits.
Worked example, 750,000 purchase price in Mississauga (no Toronto MLTT):
If the same property was in Toronto, add another 11,475 in municipal LTT. First time buyers in Toronto also recover up to 4,475 of that, so a first time Toronto buyer on a 750,000 home pays 14,475 net after both rebates.
The rebate is generous but the eligibility test catches many buyers. Read every line before checking the box on the calculator.
Up to 4,000 on the provincial portion of LTT. Up to 4,475 more on the Toronto municipal portion, if the property is inside Toronto city limits. Combined maximum in Toronto: 8,475. The rebate is claimed at registration so you never pay the rebated amount in the first place.
The most common price bands in the GTA, calculated four different ways. Use these as reference points when the listing price shifts.
Provincial LTT only: 6,475. First time buyer claims back 4,000 at registration. Net LTT: 2,475. Add legal 999 plus HST, title insurance 350, registration 175. Total cash needed for LTT plus legal at closing: 4,129.
Provincial LTT only: 11,475. No FTHB (move up buyer). Legal 999 plus HST (1,129). Title insurance 350, registration 175. Total LTT plus legal at closing: 13,129.
Provincial LTT 16,475 plus Toronto municipal LTT 16,475 equals 32,950. First time buyer claims 4,000 provincial plus 4,475 Toronto = 8,475 rebate. Net LTT 24,475. Add legal 1,129 plus title 350 plus registration 175. Total: 26,129.
Provincial LTT 26,475 plus Toronto municipal LTT 26,475 equals 52,950. Corporate buyer, no FTHB rebate. HST election and UBO reporting may add fee complexity. Legal quoted individually at 1,499 to 2,499 plus HST. Total LTT plus typical legal: 55,200 to 56,200.
Do not see your question? Ask a Khan Law lawyer directly, we answer within one business day.
LTT is due at closing and is paid through the electronic registration system at the moment title is transferred. Khan Law collects it from your closing funds along with other closing costs and remits it on your behalf.
No. LTT is a one time tax paid at closing when title changes hands. Property tax is an annual tax billed by the municipality to the registered owner for services like roads, water, and emergency services.
Assignment of a pre construction condo transfers the contract, not title. LTT is calculated on the full consideration paid to the builder at final closing (original price plus any assignment premium paid to the assignor). Khan Law reviews the assignment agreement and confirms the LTT base before final closing.
A true gift with zero consideration between family members does not attract LTT, provided the transferor does not take back a mortgage on the property. If the receiver assumes an outstanding mortgage, that assumed balance counts as consideration and LTT is calculated on that amount.
No. The first time home buyer rebate is available only to individual buyers who meet the personal eligibility test. Corporations and trusts are excluded. Additional rules including HST on new construction and beneficial ownership disclosure often apply to corporate purchases.
LTT is not a current tax deduction. It is added to the adjusted cost base of the property and reduces the taxable capital gain when the property is later sold. Coordinate with your accountant for the correct bookkeeping entry at purchase.
Yes. NRST is 25 percent of the purchase price and is paid in addition to LTT when the buyer is not a Canadian citizen or permanent resident. Limited exemptions exist for work permit holders, protected persons, and certain spouses. Khan Law screens NRST eligibility at retainer.
Yes. The registered Transfer records the LTT paid in the electronic registration system. Khan Law provides the registered Transfer in your closing package. Keep it with your purchase documents for when you sell the property or claim LTT as part of adjusted cost base.
LTT is one line on the closing statement. These tools cover the rest of your closing math.
LTT plus legal fees, title insurance, registration, and adjustments. The full number you bring to closing.
Sale price minus commission, HST, mortgage payout, HELOC, legal, and disbursements. What lands in your account.
New principal, old payout, discharge and new charge registration, title insurance, and equity takeout.
The definitional explainer with history, edge cases, and cited sources. Good when you want the theory, not the number.
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