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Toronto Land Transfer Tax Calculator

Estimate Toronto total land transfer tax, including both the Ontario provincial LTT and the Toronto municipal LTT. Toronto is the only city in Ontario that charges its own land transfer tax on top of the provincial one, effectively doubling closing costs.

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Formula

Total = Ontario LTT + Toronto municipal LTT

Toronto buyers pay two separate land transfer taxes: the Ontario provincial schedule and an additional Toronto municipal schedule with its own bracket rates.

Worked Example

Purchase price $900,000. Ontario LTT portion = $14,475 Toronto municipal LTT portion = $14,475 (similar schedule) Combined total = approximately $28,950

Why Toronto Has Double Land Transfer Tax

Toronto is the only municipality in Ontario that levies its own land transfer tax on top of the provincial LTT. This means Toronto buyers pay roughly double the transfer tax compared to buyers elsewhere in Ontario.

The Toronto municipal LTT uses a bracket schedule similar to the provincial LTT, approximately doubling the total tax
On a $1,000,000 home, total combined LTT in Toronto is approximately $32,200 compared to $16,475 elsewhere in Ontario
First-time buyers can claim up to $4,475 rebate on the Toronto municipal portion (in addition to the provincial rebate)
The municipal LTT was introduced in 2008 to fund city infrastructure and services

The combined Ontario and Toronto LTT is one of the highest closing costs for Toronto homebuyers. Factor this into your budget well before making an offer.

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

Frequently Asked Questions

Why is Toronto LTT so much higher than the rest of Ontario?

Toronto is the only Ontario city with its own municipal land transfer tax, charged on top of the provincial LTT. This effectively doubles the transfer tax on Toronto purchases compared to other Ontario cities.

Are rebates included in this estimate?

No. This shows the full pre-rebate amount. First-time buyers can claim up to $4,000 provincial rebate and up to $4,475 Toronto municipal rebate, for a combined maximum of $8,475.

When was the Toronto municipal LTT introduced?

The City of Toronto Municipal Land Transfer Tax was introduced in February 2008 to generate revenue for city operations and infrastructure.

Can I avoid Toronto LTT by buying just outside city limits?

Yes. Properties outside the City of Toronto boundary only pay the Ontario provincial LTT. Municipalities like Mississauga, Vaughan, and Markham do not have a municipal LTT.

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