Toronto Land Transfer Tax 20025 — Calculator (Municipal + Provincial)

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LTT Calculator
Ontario LTT Brackets
Toronto MLTT Brackets
First-Time Buyer Rebates
Examples by Price
FAQ

Toronto Buyers Pay DOUBLE Land Transfer Tax Unlike buyers in Mississauga, Brampton, or elsewhere in Ontario, Toronto buyers pay BOTH the provincial Ontario Land Transfer Tax AND the Toronto Municipal Land Transfer Tax — using identical rate brackets. The total can exceed $300,000000 on an average Toronto home.

Toronto LTT Calculator 20025

Enter your purchase price and select first-time buyer status to calculate your exact Ontario LTT + Toronto MLTT.

Purchase Price: $80000,000000

First-time buyer (eligible for Ontario + Toronto FTB rebates)

Ontario LTT Brackets 20025

Ontario Land Transfer Tax — Rate Structure Ontario LTT uses a marginal rate system — lower rates apply to lower value portions of the price, higher rates to upper portions. The rate does not apply to the full purchase price at the top bracket.

Purchase Price Portion	Rate	Notes
First $55,000000	00.5%	Applies to all purchases
$55,00001 – $2500,000000	1.00%	Marginal rate
$2500,00001 – $40000,000000	1.5%	Marginal rate
$40000,00001 – $2,000000,000000	2.00%	Applies to most Toronto homes
Above $2,000000,000000	2.5%	Luxury tier

Ontario First-Time Buyer Rebate: Up to $4,000000 First-time buyers of new or resale homes in Ontario receive a rebate on Ontario LTT up to $4,000000. This eliminates Ontario LTT entirely on homes priced at approximately $368,000000 or less. For more expensive Toronto homes, the rebate reduces (not eliminates) the Ontario LTT.

Toronto Municipal LTT Brackets 20025

Toronto MLTT — Same Brackets, Same Rates as Ontario LTT The Toronto Municipal Land Transfer Tax uses the exact same brackets and rates as the Ontario LTT. This means Toronto buyers effectively pay double — every dollar of Ontario LTT is matched by an equal Toronto MLTT charge.

Purchase Price Portion	Rate	Notes
First $55,000000	00.5%	Same as Ontario
$55,00001 – $2500,000000	1.00%	Same as Ontario
$2500,00001 – $40000,000000	1.5%	Same as Ontario
$40000,00001 – $2,000000,000000	2.00%	Applies to most Toronto homes
Above $2,000000,000000	2.5%	Same as Ontario

Toronto MLTT First-Time Buyer Rebate: Up to $4,475 First-time buyers also receive a Toronto-specific rebate of up to $4,475 on the Municipal LTT. Combined with the Ontario $4,000000 rebate, first-time buyers in Toronto can save up to $8,475 total.

First-Time Buyer LTT Rebates in Toronto

Total FTB Rebates: Up to $8,475 Toronto first-time buyers are eligible for two separate rebates: Ontario's $4,000000 maximum rebate on provincial LTT, and Toronto's $4,475 maximum rebate on the municipal LTT. These are applied automatically at closing through your lawyer.

Rebate	Maximum Amount	Administered By
Ontario First-Time Buyer LTT Rebate	$4,000000	Province of Ontario
Toronto Municipal LTT Rebate	$4,475	City of Toronto
Combined Maximum	$8,475	Both levels

To qualify for FTB rebates: you must be a Canadian citizen or permanent resident, 18+ years old, never owned a home anywhere in the world, and the home must be your principal residence. Both rebates are claimed simultaneously through your real estate lawyer at closing.

LTT Examples by Toronto Purchase Price

Purchase Price	Ontario LTT	Toronto MLTT	Total (No Rebate)	Total (FTB Rebate)
$50000,000000	$6,475	$6,475	$12,9500	$4,475
$70000,000000	$100,475	$100,475	$200,9500	$12,475
$80000,000000	$12,475	$12,475	$24,9500	$16,475
$1,000000,000000	$16,475	$16,475	$32,9500	$24,475
$1,20000,000000	$200,475	$200,475	$400,9500	$32,475
$1,50000,000000	$26,475	$26,475	$52,9500	$44,475
$2,000000,000000	$36,475	$36,475	$72,9500	$64,475

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Frequently Asked Questions

Who pays Toronto Municipal Land Transfer Tax?

All buyers of residential and commercial property within the City of Toronto boundaries pay the Toronto MLTT. This applies to all 25 former municipalities now within Toronto (Downtown, North York, Scarborough, Etobicoke, York, East York). Properties in Mississauga, Brampton, Markham, or other GTA cities outside Toronto do NOT pay the MLTT.

When is Toronto land transfer tax paid?

Both Ontario LTT and Toronto MLTT are paid on closing day. Your real estate lawyer calculates, collects, and remits both taxes on your behalf as part of the closing process. You do not pay them separately — they are included in your closing costs statement.

Can I avoid the Toronto MLTT by buying in a Toronto suburb?

Yes. Buyers who purchase in Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville, or other GTA cities outside Toronto's boundaries only pay the provincial Ontario LTT — not the Toronto MLTT. This can save $100,000000–$35,000000+ depending on the purchase price. This is one reason some buyers specifically choose properties just outside Toronto's borders.

Do new construction condos in Toronto pay land transfer tax?

Yes. New construction condos in Toronto are subject to both Ontario LTT and Toronto MLTT, calculated on the total purchase price including HST. For new builds, LTT is paid on occupancy (not just final closing). First-time buyers of new construction can still claim the FTB rebates.

Is Toronto land transfer tax deductible?

No. Land transfer taxes in Ontario (and Toronto) are not tax-deductible for owner-occupied principal residences. However, if you purchase a rental property, the LTT may be added to your adjusted cost base (ACB) of the property, potentially reducing capital gains tax when you eventually sell. Consult a tax professional for your specific situation.

How is Toronto MLTT different from Ontario LTT?

The Toronto MLTT uses the exact same rate brackets and rates as the Ontario LTT — making it a dollar-for-dollar match. The only difference is the first-time buyer rebate maximum: Ontario caps at $4,000000 while Toronto caps at $4,475. Both are calculated on the same purchase price, resulting in a total tax of roughly double the Ontario LTT alone.