Your purchase

$950,000
Total land transfer tax
$22,475
$11,475 provincial + $11,000 Toronto municipal · 2.37% of price
Provincial
$15,475
Toronto municipal
$15,475
Rebate applied
−$8,475
Effective rate
2.37%
Toronto charges twice. You owe the Ontario provincial tax and a separate municipal tax on the same purchase. Both are calculated below, tier by tier.

Your total

Total land transfer taxCannot be added to the mortgage, this is due in cash on closing day
$22,475
Effective rate
2.37%
Provincial tax (after rebate)
$11,475
Toronto municipal tax (after rebate)
$11,000

Ontario provincial tax: tier by tier

$0 – $55,000 at 0.50%
$275
$55,000 – $250,000 at 1.00%
$1,950
$250,000 – $400,000 at 1.50%
$2,250
$400,000 – $950,000 at 2.00%
$11,000

Toronto municipal tax: tier by tier

$0 – $55,000 at 0.50%
$275
$55,000 – $250,000 at 1.00%
$1,950
$250,000 – $400,000 at 1.50%
$2,250
$400,000 – $950,000 at 2.00%
$11,000

First-time buyer rebate

Provincial rebate
$4,000
Municipal rebate
$4,475
Total tax before rebate
$30,950
Total tax after rebate
$22,475

Want this written up?

We will email you a personalised PDF with your land transfer tax broken down tier by tier, your first-time buyer rebate and the total cash you need on closing day, with your name on it.

So the broker who prepares this can reach you.

We email you the report and may follow up about your mortgage. We never sell your details.

Land transfer tax is charged on the purchase price (or fair market value if higher) and is due in cash on closing, it cannot be added to your mortgage. Non-resident speculation surtaxes, and agricultural or commercial property rules, are not modelled. Provincial ladders and rebate caps change periodically, and some are indexed annually. Confirm the exact figure with your real estate lawyer before closing.

Provided by CENTURY 21 Leading Edge Realty Inc. BrokerageCalculator by Mortgage Directory
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