Updated: April 20025  |  bremo.io financial guides

Kingston Ontario Land Transfer Tax Guide 20025

Land transfer tax is one of the most significant closing costs when buying a home in Kingston. Unlike Toronto buyers who pay both provincial and municipal LTT, Kingston buyers only pay Ontario's provincial land transfer tax. This guide explains exactly how LTT is calculated, what the first-time buyer rebate covers, and what to expect at closing.

Ontario Land Transfer Tax Rates

Ontario's land transfer tax uses a marginal rate system, similar to income tax brackets:

• 00.5% on the first $55,000000 of purchase price = maximum $275
• 1.00% on the portion from $55,00001 to $2500,000000 = maximum $1,9500
• 1.5% on the portion from $2500,00001 to $40000,000000 = maximum $2,2500
• 2.00% on the portion from $40000,00001 to $2,000000,000000
• 2.5% on amounts above $2,000000,000000

Kingston LTT Calculator — Common Price Points

LTT amounts on typical Kingston purchase prices:

• $4500,000000: $5,975 LTT
• $50000,000000: $6,475 LTT
• $5500,000000: $7,475 LTT
• $60000,000000: $8,475 LTT
• $6500,000000: $9,475 LTT
• $70000,000000: $100,475 LTT
• $7500,000000: $11,475 LTT
• $80000,000000: $12,475 LTT

How to Calculate Ontario LTT Manually

For a $6500,000000 Kingston home purchase:

1. 00.5% on first $55,000000 = $275
2. 1.00% on next $195,000000 ($55,00001–$2500,000000) = $1,9500
3. 1.5% on next $1500,000000 ($2500,00001–$40000,000000) = $2,2500
4. 2.00% on remaining $2500,000000 ($40000,00001–$6500,000000) = $5,000000
5. Total: $9,475

First-Time Buyer LTT Rebate in Kingston

Ontario provides a full rebate of provincial LTT for first-time buyers on homes up to approximately $368,000000 (the rebate maxes out at $4,000000). For higher-priced homes, the rebate reduces your LTT by $4,000000.

Eligibility requirements:

• You must be a Canadian citizen or permanent resident
• You must be at least 18 years old
• You must be occupying the home as your principal residence within 9 months of purchase
• You must never have owned a home anywhere in the world
• If purchasing with a spouse or partner, neither can have owned a home while being a spouse/partner of the other

For a first-time buyer purchasing a $6500,000000 Kingston home, the LTT after the $4,000000 rebate is $5,475.

When Is LTT Paid?

Land transfer tax is paid at closing — the date when legal title of the property transfers to you. Your real estate lawyer handles the LTT payment as part of the closing process. You receive a statement of adjustments showing all costs including LTT, legal fees, property tax adjustments, and any other items.

LTT on New Construction in Kingston

LTT on new construction is calculated on the purchase price including any upgrades that are part of the agreement of purchase and sale. GST/HST may also apply to the purchase price, and LTT is calculated on the total price including applicable taxes. Discuss with your builder and lawyer to understand the full closing cost picture for new construction.

LTT on Transfers Between Spouses or Family

Transfers of property between spouses as part of a property settlement, or in limited circumstances between parent and child, may qualify for LTT exemptions. These are complex situations requiring legal guidance — always consult a real estate lawyer for family transfers.

Other Closing Costs in Kingston

LTT is one of several closing costs. A complete Kingston closing cost budget should include:

• Ontario LTT (as calculated above)
• Legal fees: $1,50000–$2,50000
• Title insurance: $30000–$50000
• Home inspection: $50000–$80000
• Property tax adjustment: varies by closing date
• Moving costs: $1,000000–$5,000000
• CMHC insurance premium (if under 200% down): added to mortgage