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)Finanza

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).

Immobili e Proprietà Abitazioni e Residenziale Imposte e Tasse

Parametri di Input

In tempo reale

Property Purchase Price (CAD $)

CAD $

Selezione rapida:

Property Geographical Location

First-Time Homebuyer Status

Risultato CalcolatoLand 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 $

Dettaglio del Calcolo

Ontario LTT (Gross)

13,475 CAD $

Toronto MLTT (Gross)

13,475 CAD $

Total Rebates

4,000 CAD $

Net Tax Payable

22,950 CAD $

Metodologia di Calcolo

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.

Disclaimer Legale e Informativo

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

Questo calcolatore è progettato solo a scopo educativo e informativo. I risultati non costituiscono una consulenza finanziaria o legale vincolante.

Domande Frequenti

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.

Calcolatori Correlati

Strumenti e calcolatori consigliati adatti al tuo calcolo attuale

Esplora tutti gli strumenti

Canada

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

Parametri di Input

Dettaglio del Calcolo

Metodologia di Calcolo

Disclaimer Legale e Informativo

Domande Frequenti

Calcolatori Correlati

Canada CMHC Mortgage Loan Default Insurance Calculator

Canada First Home Savings Account (FHSA) Tax Deduction & House Fund Calculator

Canada Capital Gains Tax & Two-Tier Inclusion Rate Calculator (50% vs. 66.7%)

Canada Federal & Provincial Combined Income Tax Calculator

Canada Auto Lease Monthly Payment & Provincial Sales Tax Calculator

Canada GST, HST & PST Provincial Sales Tax Calculator

UK Council Tax Valuation Bands & Single Person Discount Calculator

Texas Property Tax & $100,000 School Homestead Exemption Calculator