Why is Land Transfer Tax doubled in Toronto?

Properties purchased inside the City of Toronto are subject to both the Ontario Provincial LTT and the City of Toronto Municipal LTT (MLTT).

When is Land Transfer Tax paid during a property purchase?

Land transfer taxes are paid in cash as part of your legal closing costs on the day the real estate transaction completes.

CanadáLand Transfer Tax (Ontario & Toronto MLTT)Finanzas

Canada Land Transfer Tax (Ontario LTT & Toronto MLTT) Calculator

Calculate Ontario provincial Land Transfer Tax (LTT) and municipal Toronto Land Transfer Tax (MLTT) with statutory First-Time Homebuyer Rebates (up to $4,000 Ontario rebate + $4,475 Toronto rebate = $8,475 total).

Bienes Raíces y Propiedades Vivienda y Residencial Impuestos y Tasas

Datos y Parámetros

En tiempo real

Property Purchase Price (CAD $)

CAD $

Selección rápida:

Property Geographical Location

First-Time Homebuyer Status

Resultado CalculadoLand Transfer Tax (Ontario & Toronto MLTT)

Total Net Land Transfer Tax Payable at Closing

22,950CAD $

Total First-Time Buyer Tax Rebates Received

4,000 CAD $

Ontario Provincial Land Transfer Tax (Net)

9,475 CAD $

Desglose Detallado del Cálculo

Ontario LTT (Gross)

13,475 CAD $

Toronto MLTT (Gross)

13,475 CAD $

Total Rebates

4,000 CAD $

Net Tax Payable

22,950 CAD $

Metodología de Cálculo

Ontario LTT: 0.5% first $55k, 1.0% ($55k-$250k), 1.5% ($250k-$400k), 2.0% ($400k-$2M), 2.5% (> $2M). Toronto MLTT mirrors provincial rates.

Aviso Legal e Informativo

Homes purchased within the City of Toronto are subject to both Ontario Provincial LTT and Toronto Municipal MLTT (double land transfer tax).

Esta calculadora es para fines educativos e informativos. Los resultados no constituyen asesoramiento financiero, fiscal o legal vinculante.

Preguntas Frecuentes

First-time buyers in Toronto can receive up to $4,000 from the Ontario provincial rebate and up to $4,475 from the Toronto municipal rebate, saving up to $8,475 total.

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Canadá

Canada Land Transfer Tax (Ontario LTT & Toronto MLTT) Calculator

Datos y Parámetros

Desglose Detallado del Cálculo

Metodología de Cálculo

Aviso Legal e Informativo

Preguntas Frecuentes

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