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Ontario Land Transfer Tax Calculator

Estimate Ontario land transfer tax from purchase price using the marginal provincial bracket system. Ontario LTT is a progressive tax paid at closing on all real estate purchases, with rates ranging from 0.5% to 2.5% on different portions of the price.

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Formula

Tax is computed by applying each bracket rate to its portion of price

Ontario LTT uses progressive brackets: 0.5% on the first $55,000, 1.0% on $55,001 to $250,000, 1.5% on $250,001 to $400,000, 2.0% on $400,001 to $2,000,000, and 2.5% above $2,000,000.

Worked Example

Purchase price $900,000. First $55,000 at 0.5% = $275 $55,001 to $250,000 at 1.0% = $1,950 $250,001 to $400,000 at 1.5% = $2,250 $400,001 to $900,000 at 2.0% = $10,000 Total Ontario LTT = $14,475

How Ontario Land Transfer Tax Brackets Work

Ontario land transfer tax is a progressive tax applied at closing on all property purchases. Each portion of the purchase price is taxed at a different rate, similar to income tax brackets.
  • 0.5% on the first $55,000 of the purchase price
  • 1.0% on the portion from $55,001 to $250,000
  • 1.5% on the portion from $250,001 to $400,000
  • 2.0% on the portion from $400,001 to $2,000,000 and 2.5% above $2,000,000
  • First-time home buyers can claim a rebate of up to $4,000 on the Ontario LTT portion, effectively making the first $368,333 of the purchase exempt

Ontario LTT is paid at closing and is separate from HST, legal fees, and other closing costs. Toronto buyers pay an additional municipal LTT on top of this provincial tax.

You can also calculate changes using our Toronto Land Transfer Tax Calculator or Canada GST Calculator.

Frequently Asked Questions

Is this before first-time buyer rebates?

Yes. This estimate shows the full LTT before rebates. Eligible first-time buyers can claim up to $4,000 back on the Ontario portion, effectively exempting the first $368,333 of the purchase price.

Does Ontario LTT use a flat rate?

No. It is marginal and progressive. Each bracket of the purchase price is taxed at a different rate, so only the portion within each bracket pays that bracket rate.

When is Ontario LTT paid?

Land transfer tax is paid at closing through your lawyer. It is a one-time cost, not an ongoing annual tax like property tax.

Is Ontario LTT the same everywhere in the province?

The provincial LTT rate schedule applies everywhere in Ontario. However, Toronto has an additional municipal LTT that doubles the tax for properties within city limits.

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