London, Ontario Land Transfer Tax Calculator 2025

Ontario LTT Calculator for London, Ontario

Enter Purchase Price ($) First-Time Buyer (rebate up to $4,000)

Ontario LTT (before rebate)$0

First-Time Buyer Rebate$0

Total Land Transfer Tax$0

Ontario Land Transfer Tax Rates 2025

0.5% on the first $55,000
1.0% on $55,001 to $250,000
1.5% on $250,001 to $400,000
2.0% on $400,001 to $2,000,000
2.5% on amounts over $2,000,000

Note: London, Ontario is NOT in the City of Toronto. Only the provincial Ontario LTT applies — no Toronto municipal land transfer tax.

LTT Examples for London, Ontario Home Buyers

Purchase Price	Ontario LTT	After FTB Rebate
$400,000	$4,475	$475
$500,000	$6,475	$2,475
$600,000	$8,475	$4,475
$750,000	$11,475	$7,475
$900,000	$14,475	$10,475
$1,200,000	$20,475	$16,475

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About Ontario Land Transfer Tax in London, Ontario

When you purchase a property in London, Ontario, you pay the Ontario provincial land transfer tax. Unlike buyers in the City of Toronto, London, Ontario buyers do NOT pay a second municipal land transfer tax — only the single provincial tax applies.

The Ontario LTT is paid on closing day and must be factored into your total home-buying budget. First-time buyers can receive a rebate of up to $4,000, which effectively eliminates the LTT on homes priced under approximately $368,000.

The tax is calculated on a progressive bracket system, similar to income tax. Each dollar of purchase price is taxed at the applicable rate for that bracket — not the top rate on the entire amount.

First-Time Home Buyer Rebate

Ontario's first-time buyer land transfer tax rebate provides up to $4,000 off your LTT. To qualify:

You must be a Canadian citizen or permanent resident
You must be 18 years or older
You must occupy the home as your principal residence within 9 months
You (and spouse/partner) must not have previously owned a home

The rebate is applied at closing and reduces your LTT payable directly — no need to apply separately after the fact.

Saving on London, Ontario LTT

The best way to save money after covering your land transfer tax is to switch to a no-fee bank account. Many London, Ontario buyers lose hundreds of dollars annually to bank fees — KOHO eliminates those fees entirely and adds cashback and 3% interest on your deposits.

Frequently Asked Questions

Is there a Toronto municipal LTT in London, Ontario?

No. The Toronto municipal land transfer tax only applies within the City of Toronto boundaries. London, Ontario buyers pay only the provincial Ontario LTT.

When is the land transfer tax paid?

Ontario LTT is paid on closing day through your real estate lawyer. It is included in your closing costs statement and paid before you receive the keys.

Can I negotiate who pays the LTT?

No. Ontario law requires the buyer to pay the land transfer tax. It cannot be transferred to the seller or negotiated away.

Does LTT apply to new construction?

Yes. Ontario LTT applies to new construction homes as well as resale properties. The tax is based on the total purchase price including HST if applicable.