Wondering how much tax you’ll owe when buying a home in Ontario? Use our free Residential Land Transfer Tax Calculator to estimate your costs quickly and accurately. Whether you’re buying in Toronto or anywhere in the province, this tool shows you exactly what to expect before you close the deal.
Land Transfer Tax (LTT) is a government fee paid when real estate changes hands. It’s based on the purchase price of the property — and in places like Toronto, it can include both provincial and municipal taxes.
What the Land Transfer Calculator Factors In
- Total purchase price of the home
- Location of the property (Toronto has an extra municipal tax)
- Buyer status (first-time homebuyer or not)
The calculator gives you a full breakdown of your estimated Land Transfer Tax, including any available rebates if you’re a qualifying first-time buyer in Ontario.
Do First-Time Homebuyers Pay Land Transfer Tax?
If you’re a first-time homebuyer in Ontario, you may be eligible for a rebate — up to $4,000 on the provincial portion and an additional $4,475 on the municipal portion if you’re buying in Toronto.
This means you could pay significantly less, or in some cases nothing at all. Our calculator accounts for this automatically, helping you plan your finances more effectively.
Why Use a Land Transfer Calculator?
- To estimate your total closing costs before buying
- To budget for additional fees beyond your down payment
- To understand how rebates can reduce your tax bill
- To avoid surprise costs during the final stage of your home purchase
These costs are often overlooked but can be thousands of dollars — especially in cities like Toronto where municipal land transfer tax applies in addition to the provincial rate.
How Land Transfer Tax Works in Ontario
Ontario uses a tiered rate system based on the price of the home. The more expensive the property, the higher the tax bracket for portions of the purchase price. Toronto buyers must also pay the same structure again as a municipal tax.
For example, if you’re purchasing a home for $800,000 in Toronto, you’ll pay both provincial and municipal land transfer tax — unless you’re eligible for first-time buyer rebates.
Use It Alongside Other Mortgage Tools
Our land transfer calculator pairs perfectly with our Purchase Calculator and Affordability Calculator. These tools together give you a complete financial picture:
- What you can afford to borrow
- How much your monthly payments will be
- How much you’ll owe in taxes at closing
It’s like having an RBC calculator, a mortgage broker, and a real estate lawyer all in one place — simplified and personalized to your situation.
Need Help With Closing Costs or Pre-Approval?
Mortgages.ca connects you with trusted, independent mortgage brokers in Toronto and across Canada. We’ll help you understand all closing costs — not just land transfer tax — and assist you in securing the best mortgage rate for your purchase.
Whether you’re a first-time buyer or upgrading to a new home, our expert advice ensures you’re financially ready for every step of the journey.
Try the calculator above to get started. Know your costs. Plan with confidence.