Ontario charges land transfer tax (LTT) on a sliding scale of the purchase price, paid by the buyer at closing. Estimate yours below, and if you're buying in the city, use our Toronto page for the added municipal tax.
Ontario LTT runs 0.5% on the first $55,000, rising in steps to 2.5% above $2 million (on land with one or two single-family homes). On a $700,000 home that's about $10,475. First-time buyers can claim a rebate up to $4,000. Toronto buyers pay a second municipal LTT on top. This is an estimate — verify the exact figure with your lawyer.
| Portion of purchase price | Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000 to $250,000 | 1.0% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2.0% |
| Over $2,000,000 (1–2 single-family homes) | 2.5% |
Marginal rates — each rate applies only to the portion of the price within that band. Structure unchanged since 2017; Ontario page last updated April 2026.
Eligible first-time buyers can claim a refund of Ontario LTT up to $4,000. That erases the tax entirely on homes up to about $368,000; above that, a flat $4,000 comes off your bill. To qualify you must be at least 18, a Canadian citizen or permanent resident, occupy the home as your principal residence within nine months, and never have owned a home anywhere in the world (a spouse's prior ownership can affect eligibility). Toronto first-time buyers can claim a separate municipal rebate up to $4,475 on top.
It's a marginal tax: 0.5% on the first $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000, and 2.5% above $2,000,000 on one or two single-family homes. On a $700,000 home that's about $10,475 before any rebate.
A refund of Ontario LTT up to $4,000. It fully covers homes up to about $368,000; above that a flat $4,000 is refunded. You must be 18+, a citizen or permanent resident, and never have owned a home anywhere.
Yes. Toronto adds a municipal land transfer tax on top of Ontario's, roughly doubling the total. See our Toronto page for the combined brackets, including the higher-value tiers effective April 1, 2026.
At closing, when the transfer is registered. It's a cash cost that can't be added to your mortgage, so budget for it with your legal fees and down payment.
No. It's an estimate using Ontario's 2026 brackets and assumes one or two single-family residences. Other property types, non-resident speculation tax, rounding and rebates can change the result. Confirm with your lawyer before closing.