Estimate your provincial Ontario Land Transfer Tax + Toronto MLTT (if applicable) + first-time home buyer rebate. Updated for 2026 rates including the new 2024 Toronto luxury tiers.
Quick answers about Ontario land transfer tax, Toronto MLTT, and first-time buyer rebates.
Ontario uses a marginal tiered tax: 0.5% on the first $55,000, 1.0% from $55,001–$250,000, 1.5% from $250,001–$400,000, 2.0% from $400,001–$2,000,000, and 2.5% on anything over $2,000,000. On a $1,000,000 home outside Toronto, the Ontario LTT is $16,475.
No. The Toronto Municipal Land Transfer Tax (MLTT) only applies to properties physically located within the City of Toronto. Mississauga, Brampton, Oakville, Vaughan, Milton, Markham, Whitby, Ajax, Pickering and Oshawa all pay only the provincial Ontario LTT.
First-time buyers in Ontario get a rebate of up to $4,000 on the provincial Land Transfer Tax. If buying in Toronto, you also get an additional rebate of up to $4,475 on the Toronto MLTT. Total max rebate: $8,475 for first-time buyers in Toronto. To qualify you must be a Canadian citizen or permanent resident, 18+, never have owned a home anywhere in the world, and occupy the home as your principal residence within 9 months.
Land transfer tax is paid on closing day, usually as a wire or trust transfer from your real estate lawyer. It is not included in your mortgage — it is closing-day cash you need available alongside your down payment, legal fees, and other adjustments.
Yes. Non-resident buyers (and unsatisfied corporations) pay a 25% Non-Resident Speculation Tax (NRST) on top of standard LTT for residential purchases anywhere in Ontario. This calculator estimates standard LTT only — NRST should be calculated separately with your lawyer.
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