Ontario Land Transfer Tax Calculator
Land transfer tax is usually the single biggest closing cost in Ontario, and it is due in cash on closing day. Enter a price to see the provincial tax, the Toronto tax if it applies, and what the first-time buyer rebate saves you.
The property
Where is it?
Kitchener, Waterloo, Cambridge, Guelph and everywhere else in Ontario pay the provincial tax only. Toronto adds a second, municipal tax.
How the provincial tax is calculated
Marginal, like income tax: each slice of the price is taxed at its own rate. Toronto's municipal tax mirrors these brackets to $2 million, then adds higher tiers on luxury homes over $3 million.
Good to know
- Your lawyer collects the tax and pays it on closing. You cannot add it to the mortgage.
- The rebate is applied at closing, not refunded later, if your lawyer files for it.
- Buying with a partner who has owned before? The rebate is prorated to your share.
- New builds: tax is on the price including HST, minus rebates assigned to the builder, so ask your lawyer.
See the whole closing bill
Land transfer tax is the biggest line, but not the only one. The closing costs calculator adds legal fees, title insurance and the rest so you know the full cash you need on closing day.
Estimate only, using current Ontario Land Transfer Tax rates (single-family residence) and City of Toronto Municipal Land Transfer Tax rates, with first-time buyer rebates of up to $4,000 (Ontario) and $4,475 (Toronto). Rates and rebates are set by government and can change; your lawyer confirms the final figure. Not a mortgage offer; all mortgages are subject to lender qualification and approved credit (O.A.C.). Melod Nawabi, Mortgage Agent (Level 1), Licence ON-M26000429 · Pineapple Financial Inc., Brokerage Licence #12830.