One of the biggest closing costs, and the one buyers forget to budget for. Enter your price and see the exact Ontario amount, including the first-time buyer rebate.
Applies to resale and new homes anywhere in Ontario outside Toronto, including Burlington, Hamilton, Niagara, Oakville, Milton, and Mississauga. Toronto purchases pay an additional municipal tax not shown here.
Estimate for planning purposes only. Your lawyer confirms the exact amount on closing.
Ontario land transfer tax is charged on a sliding scale: 0.5% on the first $55,000 of the purchase price, 1% on the portion up to $250,000, 1.5% up to $400,000, 2% up to $2,000,000, and 2.5% on anything above that. On a $900,000 home it works out to roughly $14,475.
First-time buyers qualify for a rebate of up to $4,000, which fully covers the provincial land transfer tax on homes up to about $368,000. Above that price, the rebate reduces the tax by up to $4,000 rather than eliminating it.
No. Only Toronto charges an additional municipal land transfer tax on top of the provincial one. Buyers in Burlington, Hamilton, Niagara, Oakville, Milton, and Mississauga pay the provincial tax only.
Land transfer tax is paid on closing day, handled through your real estate lawyer as part of your closing costs. It cannot be rolled into your mortgage, so plan for it as cash on hand alongside your down payment.
Let's talk. No pressure, no pitch, just straight answers built on real local data.