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Calculators

Rates as of

Ontario land transfer tax calculator

The short answer

Every buyer in Ontario pays the provincial land transfer tax on closing. Buyers in the City of Toronto also pay Toronto's municipal land transfer tax, which roughly doubles the bill. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto.

Land transfer tax to pay

$14,475

Ontario land transfer tax$14,475
Toronto municipal land transfer tax$0
Ontario first-time buyer refund$0
Toronto first-time buyer rebate$0

Rates from Ontario and the City of Toronto, dated on Summitly.ca. Estimate only, not financial advice.

Examples

Land transfer tax at common prices

PriceElsewhere in OntarioCity of TorontoToronto, first-time buyer
$500,000$6,475$12,950$4,475
$750,000$11,475$22,950$14,475
$1,000,000$16,475$32,950$24,475
$1,500,000$26,475$52,950$44,475
$2,000,000$36,475$72,950$64,475
$3,000,000$61,475$122,950$114,475

Questions

Questions

Who pays land transfer tax in Ontario?

The buyer pays it on closing, through their lawyer, when the property's ownership is registered.

Which Ontario cities charge a municipal land transfer tax?

The City of Toronto is the only Ontario municipality that charges one. Buyers in Mississauga, Vaughan, Markham, Ottawa and the rest of Ontario pay the provincial tax only.

How much is the first-time buyer refund?

Up to $4,000 of the Ontario tax, and in Toronto up to $4,475 of the municipal tax, for buyers who qualify as first-time buyers.