Land Transfer Tax on Ontario Cottages 2025

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Calculate your Ontario LTT for any cottage purchase. Understand the FTB rebate rules, closing cost budgeting, and how LTT varies by region.

LTT Calculator All Ontario Regions 2025 Rates

Ontario Land Transfer Tax Calculator for Cottages

Ontario LTT Rates (2025)

Purchase Price RangeRate
First $55,00000.5%
$55,001 – $250,0001.00%
$250,001 – $400,0001.5%
$400,001 – $2,000,0002.00%
Over $2,000,0002.5%
The First-Time Home Buyer rebate (up to $4,000) only applies when: (1) you have never owned a home anywhere in the world, AND (2) the property will be your principal residence. Most cottage purchases do NOT qualify.

LTT by Cottage Region

RegionTypical Price RangeTypical LTT Range
Haliburton$200K–$700K$1,975–$100,475
Kawartha Lakes$300K–$900K$3,225–$14,475
Bancroft/North Hastings$150K–$400K$1,3500–$4,475
Muskoka (entry)$500K–$1M$6,475–$16,475
Muskoka (premium)$1M–$5M+$16,475–$91,475+
Wasaga Beach$400K–$800K$4,475–$12,475

When Is LTT Due?

Ontario Land Transfer Tax is paid at closing. Your real estate lawyer handles the calculation and remittance to the province on your behalf. There is no separate filing requirement — it's handled through the Electronic Land Registry system.

Budget for LTT as part of your closing costs. On a $750,000 cottage, Ontario LTT alone is $11,475. Combined with legal fees, inspection costs, and title insurance, total closing costs are typically 2–4% of the purchase price.

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FAQs: Ontario Cottage LTT

Does the FTB rebate apply if I buy a cottage before a home?

If you buy a cottage as your very first property purchase and will live there as your principal residence, you may qualify for the FTB rebate. Once you own any residential property, your FTB status is lost for future purchases.

Is there LTT in Muskoka beyond Ontario provincial LTT?

No — Muskoka, Kawartha Lakes, and Haliburton are not subject to municipal LTT. Toronto is the only Ontario municipality that levies a separate municipal LTT on top of provincial LTT.

What happens to LTT if the deal falls through after closing?

If a real estate transaction is rescinded or a deed is set aside, you may apply to the Ontario Ministry of Finance for a refund of LTT paid. Specific conditions apply — consult your real estate lawyer.

This is general information only and not legal or tax advice. Consult a real estate lawyer for your specific situation. Rates correct as of 2025.