How much is land transfer tax in Toronto?

Toronto buyers pay both Ontario provincial Land Transfer Tax and Toronto Municipal Land Transfer Tax (MLTT). Combined, on a $1.1M home that's approximately $36,950 before any rebates. First-time buyers can get up to $4,475 in combined rebates.

What is the first-time home buyer rebate in Ontario?

Ontario provides up to $4,000 LTT rebate for first-time home buyers. Toronto provides an additional up to $4,475 MLTT rebate for first-time buyers. Combined maximum: $8,475. To qualify you must be 18+, a Canadian citizen or permanent resident, never owned a home anywhere in the world, and live in the property as your principal residence within 9 months.

Is there a luxury home transfer tax in Toronto?

Yes. As of January 2024, Toronto added higher MLTT brackets for homes over $3M (up to $20M+). A home selling for $5M now pays roughly $113,000 in Toronto MLTT alone, before Ontario LTT. The change targeted high-end residential transactions.

Land Transfer Tax Calculator — Toronto + Ontario

Your Numbers

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Purchase price CAD

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Property is in the City of Toronto (you also owe Toronto MLTT)

I'm a first-time home buyer (never owned anywhere in the world, Canadian citizen/PR, 18+, will live in the home)

Your Total LTT

$ 0

Ontario LTT $0

Toronto MLTT $0

Total payable at closing $0

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How It Works

2026 LTT brackets in plain English

Ontario provincial LTT

Same brackets apply across Ontario:

First $55,000 — 0.5%
$55,001 to $250,000 — 1.0%
$250,001 to $400,000 — 1.5%
$400,001 to $2,000,000 — 2.0%
Over $2,000,000 — 2.5%

Toronto Municipal LTT (MLTT)

Only applies inside the City of Toronto boundaries (not Mississauga, Vaughan, Markham, etc.):

First $55,000 — 0.5%
$55,001 to $250,000 — 1.0%
$250,001 to $400,000 — 1.5%
$400,001 to $2,000,000 — 2.0%
$2,000,001 to $3,000,000 — 2.5%
$3,000,001 to $4,000,000 — 3.5% (luxury surtax)
$4,000,001 to $5,000,000 — 4.5%
$5,000,001 to $10,000,000 — 5.5%
$10,000,001 to $20,000,000 — 6.5%
Over $20,000,000 — 7.5%

First-time buyer rebates

Ontario LTT rebate — up to $4,000
Toronto MLTT rebate — up to $4,475
Combined maximum savings: $8,475

To qualify you must be at least 18, a Canadian citizen or permanent resident, have never owned a home anywhere in the world (and neither has your spouse, while you were married), and occupy the home as your principal residence within nine months of closing.

FAQ

Common questions

Do I pay both Ontario and Toronto LTT?

If your property is inside the City of Toronto boundaries — yes, you pay both. The Toronto MLTT is on top of the Ontario LTT. If you're buying in Mississauga, Vaughan, Markham, Richmond Hill, Oakville, Brampton, etc., you only pay the Ontario LTT.

When do I pay LTT?

At closing. Your real estate lawyer collects it and remits to the province (and the city, in Toronto). It's not financeable — you need to have the cash available on closing day, along with the balance of your down payment and other closing costs.

Who qualifies as a first-time home buyer?

You must be at least 18, a Canadian citizen or permanent resident, have never owned a home anywhere in the world (and your spouse must not have owned one while you were married), and occupy the home as your principal residence within 9 months. If you only partially qualify (e.g. your spouse owned one), you get a proportional rebate.

What's the luxury LTT surcharge?

Effective January 2024, Toronto introduced higher MLTT brackets for properties over $3M, scaling up to 7.5% for transactions over $20M. The change was a direct response to the city's budget shortfall and targeted high-end residential transactions.

Is LTT tax-deductible?

No — LTT on a principal residence is not deductible. It does, however, get added to your adjusted cost base, which could reduce future capital gains if the property isn't your principal residence.

Land Transfer Tax Calculator