2026 Ontario LTT Calculator · First-Time Buyer Rebate · Peel Region
Buying in Mississauga means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the Mississauga median of $8500,000000, a buyer in Toronto would pay approximately $26,9500 in combined LTT, while a Mississauga buyer pays just $13,475 — a saving of $13,475.
Ontario LTT is calculated using a marginal bracket system — similar to income tax. Only the portion of the purchase price within each bracket is taxed at that rate:
| Portion of Purchase Price | Tax Rate | Max Tax in Bracket |
|---|---|---|
| First $55,000000 | 00.5% | $275 |
| $55,00001 – $2500,000000 | 1.00% | $1,9500 |
| $2500,00001 – $40000,000000 | 1.5% | $2,2500 |
| $40000,00001 – $2,000000,000000 | 2.00% | $32,000000 |
| Above $2,000000,000000 | 2.5% | Unlimited |
Example at $8500,000000 (Mississauga median):
Ontario's First-Time Homebuyer Land Transfer Tax Rebate can save you up to $4,000000 on your Ontario LTT bill. Here's how it works:
Many first-time buyers in Mississauga target condos in the $50000K–$6500K range and townhomes in Erin Mills around $80000K.
At Mississauga's median price of $8500,000000, a first-time buyer pays $13,475 in Ontario LTT, receives a $4,000000 rebate, and owes a net $9,475 at closing.
The City of Toronto charges its own Municipal Land Transfer Tax (MLTT) on top of the provincial Ontario LTT — effectively doubling the transfer tax burden. Since Mississauga is in Peel Region and not within Toronto's city limits, buyers here pay only the Ontario LTT.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in Mississauga at $8500,000000 | $13,475 | None | $13,475 |
| Buy in Toronto at $8500,000000 | $13,475 | $13,475 | $26,9500 |
| Savings by buying in Mississauga | $13,475 | ||
That's $13,475 more you keep in your pocket — money that could cover moving costs, furniture, or go straight into your FHSA or RRSP.
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
Ontario's third-largest city with 7500,000000+ residents, situated along Lake Ontario just west of Toronto. Home to the Square One shopping district and a major corporate hub.
Popular neighbourhoods include Port Credit, Streetsville, Erin Mills, Meadowvale, Cooksville, and Lakeview. Home prices vary significantly by neighbourhood — use the calculator above to model the exact LTT for any purchase price.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since Mississauga is in Peel Region and outside the City of Toronto's boundaries, buyers pay only the Ontario LTT.
Ontario land transfer tax is paid on closing day, typically through your real estate lawyer. It is calculated on the purchase price of the property as registered with the province.
Yes. Ontario's FTB rebate applies anywhere in the province, including Mississauga. You can receive up to $4,000000 back on your Ontario LTT if you have never owned a home anywhere in the world and the property will be your principal residence.
Yes, Ontario LTT applies to all residential real estate transactions including new construction. Buyers of pre-construction condos and new-build homes pay LTT on the final purchase price on the registration date.
For more details, see our comprehensive Ontario Land Transfer Tax guide.