Land Transfer Tax Costs

How to calculate and what to know

Who Pays Land Transfer Tax in Ontario?

Buyers are responsible for paying land transfer tax (LTT) when they purchase a home, condo, or commercial property in Ontario. Sellers do not pay this tax. Your real estate lawyer typically collects and remits the LTT to the province on closing day.

If you're buying a property in Toronto, you’ll pay both the Ontario Land Transfer Tax and an additional Toronto Land Transfer Tax—making Toronto one of the few cities in Canada with a double LTT.

Ontario Land Transfer Tax Rates:

  • 0.5% on the first $55,000

  • 1.0% on the portion from $55,000 to $250,000

  • 1.5% from $250,000 to $400,000

  • 2.0% from $400,000 to $2,000,000

  • 2.5% on the portion above $2,000,000 (for residential properties with 1–2 units)

Toronto Land Transfer Tax Rates (in addition to Ontario’s):

  • 0.5% on the first $55,000

  • 1.0% from $55,000 to $250,000

  • 1.5% from $250,000 to $400,000

  • 2.0% from $400,000 to $2,000,000

  • 2.5% over $2,000,000

Use our Land Transfer Tax Calculator to estimate your total LTT.

First-Time Buyer Refund

If you're a first-time homebuyer, you may qualify for a partial or full refund of the Ontario and Toronto land transfer taxes. Learn more about first-time buyer rebates.

Other Taxes to Consider

  • HST: Applies to new or substantially renovated homes (not resale homes). Buyers may be eligible for an HST rebate of up to $24,000. Contact CRA at 1‑800‑959‑1953 for details.

  • Non-Resident Speculation Tax (NRST): 15% tax for non-residents buying residential property in the Greater Golden Horseshoe Region. Learn more.

When is Land Transfer Tax Paid?

  • Land transfer tax is due at closing when the deed is transferred.

  • If the deed is not registered within 30 days, a special return and payment must be submitted to the Ontario Ministry of Finance.

Exemptions May Apply

LTT exemptions or deferrals may apply for:

  • Transfers between spouses

  • Transfers to a family business corporation

  • Transfers of farmed land between family members

  • Transfers from charities or non-profits

  • Transfers between affiliated corporations



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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.