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Free instant estimates · Ontario market ranges

What land transfer tax will you owe on closing?

Enter the purchase price and where the property sits. Toronto buyers pay twice — the provincial tax and the municipal tax, both calculated on the same price — while buyers elsewhere in Ontario pay the provincial tax alone. Toggles apply the first-time buyer rebate and the foreign-buyer surtax. On a $950,000 Toronto home the bill is $15,475 provincial plus $15,475 municipal: $30,950 due on closing.

Common questions

Why do Toronto buyers pay double?

The City of Toronto levies its own municipal land transfer tax mirroring the provincial one, and both apply to the same purchase price. On the calculator's $950,000 default that is $15,475 each — $30,950 total — where a buyer in Mississauga, Hamilton or Ottawa pays the $15,475 once.

Do first-time buyers get a break?

Yes — Ontario offers a first-time buyer rebate and Toronto layers its own on the municipal side. Flip the first-time buyer toggle to see both applied to your price. Eligibility carries conditions, so confirm yours before counting the rebate into the budget.

When is land transfer tax paid?

On closing day, through your lawyer, alongside the other cash costs — it cannot be rolled into the mortgage. Budget it next to the down payment; the closing costs calculator on this site totals it with legal fees and adjustments.

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