Land Transfer Tax Calculator
Calculate Ontario and Toronto land transfer taxes, including first-time buyer rebates.
Inputs
Eligible for provincial and municipal rebates
Subject to Toronto Municipal Land Transfer Tax
Net Tax Payable
$12,475
Ontario LTT
$12,475
Gross Total
$12,475
Ontario LTT Bracket Breakdown
| Bracket | Rate | Tax |
|---|---|---|
| $0 – $55,000 | 0.5% | $275 |
| $55,000 – $250,000 | 1.0% | $1,950 |
| $250,000 – $400,000 | 1.5% | $2,250 |
| $400,000 – $800,000 | 2.0% | $8,000 |
| Total Ontario LTT | $12,475 | |
What This Means
Land transfer tax is a one-time cost paid at closing. On a $800,000 purchase in Ontario, your total LTT is $12,475. This is separate from your down payment and mortgage costs.
RAZZ Insight
Land transfer tax is often the biggest surprise for buyers at closing. On this purchase, LTT of $12,475 is roughly 1.6% of the purchase price. Budget for this alongside legal fees (~$2,000), title insurance (~$500), and home inspection (~$500) when planning your total closing costs.
Results are estimates only and may vary based on lender policies, market conditions, and individual circumstances. Consult a mortgage broker or financial advisor for accurate figures.
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