Land transfer tax is due in cash on closing. It can't be rolled into your mortgage and it can't be deferred, which is why it catches people out. Both Ontario's tax and Toronto's are marginal: each slice of the price is taxed at its own rate, the way income tax works.
| Portion of price | Rate | Tax |
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Enter a purchase price to see the result.
Land transfer tax is one line of a closing-cost budget. Happy to walk you through the rest of it before you write an offer.
The rates it uses
Ontario: 0.5% to $55,000; 1.0% to $250,000; 1.5% to $400,000; 2.0% to $2,000,000; and 2.5% above $2,000,000 on land containing one or two single-family residences.
Toronto: the same first five brackets, then, since 1 April 2026, graduated rates on higher-value properties containing one or two single-family residences: 4.40% over $3M, 5.45% over $4M, 6.50% over $5M, 7.55% over $10M, and 8.60% over $20M. Other residential property in Toronto stays at 2.0% above $400,000.
First-time buyer rebates: up to $4,000 provincially, and up to a further $4,475 municipally in Toronto.
Toronto's municipal tax applies only inside the City of Toronto boundary, south of Steeles. Mississauga, Brampton, Markham, Vaughan, and the rest of the GTA pay the provincial tax only.
Non-residents buying in the Greater Golden Horseshoe may also owe the provincial Non-Resident Speculation Tax, and in Toronto a further municipal NRST of 10%. Neither is included above.
These figures were taken from the City of Toronto's published rate table and Ontario's, current as at July 2026. Rates change. Your lawyer's statement of adjustments is the number that counts, and this is an estimate to budget from.