Everything about Ontario Land Transfer Tax. Also, use our easy-to-use land transfer tax calculator for Ontario to estimate your tax and rebate amounts.
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You will be levied a Land transfer tax when you take title ownership or buy a property in Ontario.
The amount paid is based on the purchase price or the property’s fair market value, whichever is higher.
In addition to the Ontario provincial land transfer tax, you will be levied a municipal land transfer tax if the property is in Toronto.
It is also based on the purchase price or the fair market value of the property, whichever is higher.
When you buy a property or take the beneficiary interest of a property in Ontario, you are levied land transfer tax (except if you are exempted).
You will pay this tax to the province.
Also, if the property is located in Toronto, you will pay the municipal land transfer tax, which is the value of the land transfer tax.
Ontario is home to 38% of the nation’s population and accounts for almost 50% of the nation’s GDP.
The numerous federal, provincial, and municipal incentive programs make owning a house in Ontario easy.
Located in east-central Canada, Ontario is home to the nation’s capital, Ottawa, and the country’s biggest city, Toronto.
Other major cities in Ontario are Mississauga, Brampton, Windsor, Barrie, Burlington, Oshawa, London, and Hamilton.
Ontario is known for its diverse population fueled by its friendly immigration and housing policies.
Ontario’s Greater Toronto Area (GTA) has the third-largest immigrant population globally, after London and New York.
These all contribute to its booming population as thousands visit Ontario every year.
The province is also a major manufacturing centre and is home to many technology companies, such as IBM, Google, Amazon, Microsoft, Shopify, Intel, and others.
Ontario is also home to some of the world’s best universities and colleges, like the University of Toronto, Western Ontario, and Queen’s Universities.
These universities are major research hubs fueling the booming startup scene in the province and creating more employment.
'A Place To Grow'
$835,000
$486,206
15,007,816
$80,322
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When you buy a property or take the beneficiary interest of a property in Ontario, you are levied land transfer tax (except if you are exempted).
You will pay this tax to the province.
Also, you will pay the municipal land transfer tax if the property is located in Toronto. The value of the land transfer tax
Purchase Price of the Property | Marginal Land Tax Rate |
Up to $55,000 | 0.5% |
$55,000.01 To $250,000 | 1.00% |
$250,000.01 To $400,000 | 1.50% |
$400,000.01 To $2,000,000 | 2.00% |
Above $2,000,000 | 2.50% |
Suppose you buy a house in London, ON, priced at $800,000.
Your Provincial land transfer tax amount will be $12,475, as calculated below.
However, if you qualify for Ontario’s first-time homebuyer tax refund, you will receive a $4,000 land transfer tax rebate.
After applying this $4,000 rebate, your provincial land transfer tax balance owing would be $8,475 ($12,475 – $4,000).
First Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
Second Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
Third Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
Fourth Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
First Bracket Land Tax Value
Second Bracket Land Tax Value
Third Bracket Land Tax Value
Fourth Bracket Land Tax Value
Ontario Land Transfer Tax Amount
First-time homebuyers buying a property in Ontario can qualify for a tax rebate of up to $4,000.
First-time homebuyers who purchase a property for $368,333 or less will be rebated the full amount of the Ontario Land Transfer Tax ($4,000 value).
The maximum refund you can get in Ontario is $4,000. Given the Ontario purchase price bracket, a qualifying first-time homebuyer’s maximum rebate of $4,000.00 will cover the full house price up to $368,000.
But if the property’s house price or fair market value is over $368,000, you will receive the full maximum refund of $4,000 and will have to pay any charge above the $4,000.00.
In addition to the Ontario Provincial Land Transfer Tax, if you are purchasing a property in Toronto, the municipal tax rates below will also be applied to the property’s purchase price or transfer value.
Value of Consideration | MLTT Rate |
Up to and including $55,000.00 | 0.50% |
$55,000.01 to $250,000.00 | 1.00% |
$250,000.01 to $400,000.00 | 1.50% |
$400,000.01 to $2,000,000.00 | 2.00% |
Over $2,000,000.00 | 2.50% |
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Suppose you bought the $800,000.00 property in Toronto.
Your land transfer amount will be $24,950.00
However, suppose you qualify for a first-time homebuyer tax refund. In that case, you will receive a combined tax rebate of $8,475.00 ($4,000.00 provincial land transfer tax rebate Plus $4,475.00 Toronto municipal land transfer tax rebate).
Applying this $8,475.00 tax rebate, your final land transfer for buying the $800,000.00 property in Toronto will be $16,950 ($12,475 + $12,475 – $4,000 – $4,475).
First Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
Second Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
Third Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
Fourth Property Value Taxed Bracket
The Property ValueTax Rate
Land Transfer Tax
First Bracket Land Tax Value
Second Bracket Land Tax Value
Third Bracket Land Tax Value
Fourth Bracket Land Tax Value
Toronto Municipal Land Transfer Tax Amount
Toronto Municipal Land Transfer Tax Amount
Ontario Provincial Land Transfer Tax Amount
Land Transfer Tax Amount Buying $800K Property in Toronto
First-time homebuyers buying a property in Toronto are now eligible for a land transfer tax refund of up to $4,475.
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