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PLEASE NOTE: The information contained on this page is for estimation purposes only.  Actual payments and costs must be obtained from your provider/payee.
We shall not have any liability for the accuracy of the information contained on this page.

Ontario Land Transfer Tax Calculator

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The Ontario land transfer tax refund is equal to the full value of the land transfer tax up to a maximum of $4,000.

Eligibility

  • The buyer must be a Canadian citizen or permanent resident of Canada
  • The buyer must be older than 18 years
  • The buyer must occupy the home within nine months of purchase
  • The buyer cannot have owned a home anywhere in the world
  • The buyer's spouse cannot have owned a home while being your spouse
Based on Ontario land transfer tax rates, the refund will cover the fully taxed amount on houses up to $368,333. For houses over $368,333, homebuyers will receive the maximum $4,000 refund and have to pay the remaining LTT balance. To obtain this refund, you need to apply within 18 months after the purchase of the home.
 

Ontario Land Transfer Tax

0.5% - on the first $55,000
1.0% - between $55,000 - $250,000
1.5% - between $250,000 - $400,000
2.0% - between $400,000 - $2,000,000
2.5% - on anything over $2,000,000
    

Toronto first-time homebuyer land transfer tax rebate

First-time homebuyers in Toronto of new and resale homes are eligible to receive a rebate up to a maximum of $4,475.

Eligibility

  • The buyer must be a Canadian citizen or permanent resident of Canada
  • The buyer must be older than 18 years
  • The buyer must occupy the home within nine months of purchase
  • The buyer cannot have owned a home anywhere in the world
  • The buyer's spouse cannot have owned a home while being your spouse

Toronto land transfer tax

If purchasing a home in Toronto, there is an additional municipal land transfer tax. Toronto’s land transfer tax applies within the following boundaries: Steeles Avenue as the North border, Etobicoke as the West border, Scarborough as the East border and Lake Ontario as the South border.

Toronto Land Transfer Tax

0.5% - on the first $55,000
1.0% - between $55,000 - $250,000
1.5% - between $250,000 - $400,000
2.0% - between $400,000 - $2,000,000
2.5% - on anything over $2,000,000

Note: We have attempted to ensure the accuracy of the calculations, but it is not guaranteed