Upfront costs
Ontario Land Transfer Tax
Buying in Ontario? You pay provincial land transfer tax, and a matching municipal tax if the property is in the City of Toronto.
Rates current for residential properties containing 1 or 2 single family residences. Ontario first-time buyer rebate caps at $4,000; Toronto's caps at $4,475. Speak to a real estate lawyer for your specific transaction.
Would you like help with these numbers?
Calculators use general assumptions. Athena can review your numbers and explain lender rules, qualification questions or options the estimate may not cover.
What this calculator helps you explore
The provincial land transfer tax on an Ontario purchase, the additional municipal tax inside the City of Toronto, and the effect of first-time buyer rebates.
What the estimate considers
- Purchase price
- Whether the property is inside the City of Toronto
- First-time home buyer rebates, provincial and municipal
What it may not capture
- Legal fees, title insurance, adjustments and other closing costs
- Non-resident speculation tax and other special levies
- Multi-unit, commercial or mixed-use properties
- How the rebate is split when only one buyer qualifies
A practical example
On the same price, a purchase inside Toronto carries roughly double the land transfer tax of one outside the city. Toggle Toronto on and off to see the difference on your own number.
Assumptions and sources
- Residential properties containing one or two single family residences
- Ontario first-time buyer rebate capped at $4,000 and the Toronto rebate at $4,475
- A real estate lawyer confirms the amount for your specific transaction
Content placeholder for Athena: Confirm the current rate brackets and rebate caps, and whether the non-resident speculation tax should be mentioned here.
Last reviewed: pending Athena's review