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.

CanadaLand Transfer Tax (Ontario & Toronto MLTT)Finance

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).

Immobilier et Propriétés Logement et Résidentiel Impôts et Taxes

Données du Simulateur

En temps réel

Property Purchase Price (CAD $)

CAD $

Sélection rapide :

Property Geographical Location

First-Time Homebuyer Status

Résultat CalculéLand 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 $

Détail du Calcul

Ontario LTT (Gross)

13,475 CAD $

Toronto MLTT (Gross)

13,475 CAD $

Total Rebates

4,000 CAD $

Net Tax Payable

22,950 CAD $

Méthodologie de Calcul

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.

Avertissement Légal et Pédagogique

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

Ce simulateur est conçu à des fins éducatives et informatives. Les résultats ne constituent pas un conseil financier, fiscal ou juridique contraignant.

Foire Aux Questions

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

Données du Simulateur

Détail du Calcul

Méthodologie de Calcul

Avertissement Légal et Pédagogique

Foire Aux Questions

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