Calculate provincial and Toronto municipal land transfer tax, including first-time buyer rebates.
For illustration only. Results are estimates based on the information entered and current Canadian lending rules, and are not a mortgage approval or commitment. Speak with us for advice specific to you.
| Portion of price | Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000 – $250,000 | 1.0% |
| $250,000 – $400,000 | 1.5% |
| $400,000 – $2,000,000 | 2.0% |
| Over $2,000,000* | 2.5% |
*Applies to homes with one or two single-family residences. First-time buyers: rebate up to $4,000.
Buying in the City of Toronto? You pay a second land transfer tax that mirrors the provincial rates up to $2M, with higher luxury tiers from 2.5% to 7.5% above $3M. First-time buyers get a rebate of up to $4,475.
Land transfer tax is paid in cash on closing through your lawyer. It can’t be added to your mortgage.
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