Land Transfer Tax
$0| Purchase Price | $0 |
| Provincial Tax | $0 |
| Municipal Tax | $0 |
| Total Tax | $0 |
| Average Tax Rate | 0% |
Toronto & Ontario Land Transfer Tax Rates
| Property Purchase Price | Ontario Tax Rate | Toronto Tax Rate | Combined Tax Rate |
|---|---|---|---|
| First $55,000 | 0.5% | 0.5% | 1.0% |
| Over $55,000 to $250,000 | 1.0% | 1.0% | 2.0% |
| Over $250,000 to $400,000 | 1.5% | 1.5% | 3.0% |
| Over $400,000 to $2,000,000 | 2.0% | 2.0% | 4.0% |
| Over $2,000,000 to $3,000,000 | 2.5% | 2.5% | 5.0% |
| Over $3,000,000 to $4,000,000 | 2.5% | 3.5%* | 6.0% |
| Over $4,000,000 to $5,000,000 | 2.5% | 4.5%* | 7.0% |
| Over $5,000,000 to $10,000,000 | 2.5% | 5.5%* | 8.0% |
| Over $10,000,000 to $20,000,000 | 2.5% | 6.5%* | 9.0% |
| Over $20,000,000 | 2.5% | 7.5%* | 10.0% |
Toronto Municipal Land Transfer Tax Boundaries
Where does the Toronto Municipal Land Transfer Tax Apply?
The Toronto Municipal Land Transfer Tax (MLTT) applies to the purchase of properties in the City of Toronto (and is in addition to the Ontario Provincial Land Transfer Tax) in the following municipalities:
- Toronto
- York
- North York
- East York
- Scarborough
- Etobicoke
Homes purchased outside of the City of Toronto only incur the Provincial Land Transfer Tax.
The outer boundary lines of the City of Toronto are approximately:
- Steeles Avenue (North)
- Etobicoke Creek and Hwy 427 (West)
- Rouge River and Rouge Park (East)
First-Time Home Buyer Rebate
What is the First-Time Purchaser Rebate?
Eligible first-time home buyers in Ontario receive a rebate on Provincial Land Transfer Taxes of up to $4,000.00. For home purchases in the City of Toronto (where the Municipal Land Transfer Tax is paid), a rebate of up to $4,475.00 is also provided (in addition to the $4,000 provincial rebate).
Who is Eligible for the First-Time Home Buyers Rebates?
The eligility requirement for first-time home buyers in both the City of Toronto and Ontario are as follows:
- the purchaser is a Canadian citizen or permanent resident of Canada. If the purchaser becomes a Canadian citizen or permanent resident within 18 months of the transfer, they may apply for and may qualify for the rebate.
- the purchaser is at least 18 years of age.
- the purchaser must occupy the home as their principal residence no later than nine months after the date of the conveyance or disposition.
- the purchaser cannot have previously owned a home, or had any ownership interest in a home, anywhere in the world, at any time.
- if the purchaser has a spouse, the spouse cannot have owned a home, nor had any ownership interest in a home, anywhere in the world while they were the purchaser’s spouse.