Mortgage Transfer Tax
A fee imposed on the transfer of property from one party to another — and one of the biggest cash costs on closing day. Here is exactly what you will owe.
How to use the Land Transfer Tax Calculator
Using the Land Transfer Tax Calculator is straightforward: enter the purchase price, tell it whether the property sits inside the City of Toronto, and flag whether you qualify as a first-time buyer. It applies the provincial rate bands, adds the municipal tax where it applies, and subtracts any rebate you are entitled to.
Land transfer tax is one of the largest closing costs most buyers face, and it cannot be added to your mortgage — it has to be paid in cash on closing day. Knowing the number early is the difference between a comfortable closing and a scramble.
- Ontario land transfer tax applies to every residential purchase in the province
- Properties inside the City of Toronto pay a second, municipal land transfer tax
- First-time buyers can claim up to $4,000 provincially and a further $4,475 in Toronto
- The tax is calculated in bands — each portion of the price is taxed at its own rate
Make a land transfer with peace of mind
Estimate your provincial and municipal land transfer tax in seconds.
Land transfer tax calculator
First-time buyers can claim up to $4,000 against the Ontario tax and a further $4,475 against the Toronto municipal tax.
- Ontario land transfer tax$0
- Toronto municipal taxNot applicable
- First-time buyer rebateNone
- Effective rate on price0%
Payable in cash on closing — it cannot be added to your mortgage. Confirm the exact figure with your real estate lawyer.
How Ontario land transfer tax is calculated
| Portion of purchase price | Ontario rate | Toronto rate |
|---|---|---|
| Up to $55,000 | 0.5% | 0.5% |
| $55,000 to $250,000 | 1.0% | 1.0% |
| $250,000 to $400,000 | 1.5% | 1.5% |
| $400,000 to $2,000,000 | 2.0% | 2.0% |
| Over $2,000,000 | 2.5% | 2.5% and up |
Toronto applies additional bands above $3,000,000. Rates shown are for one- and two-unit residential properties and are provided for guidance only — confirm the exact amount with your real estate lawyer.
Let’s talk through your options.
Book a 15-minute mortgage strategy call. No application, no credit pull — just a straight conversation about what you are trying to do and how the lending market would treat it.