Toronto Land Transfer Tax Calculator 2026
The land transfer tax a buyer pays in Toronto, at the 2026 rates, with the first-time buyer rebate.
In Toronto, the land transfer tax on a $750,000 home is $22,950 in 2026, 3.06% of the price: $11,475 to Ontario and $11,475 to the City. A first-time buyer pays $14,475 after the rebate of $8,475. On the average home in the City of Toronto, $1,034,320 in September 2026, it comes to $34,323.
Work out yours
Land transfer tax
$22,950.00
Effective rate: 3.06% of purchase price
Provincial
$11,475
Municipal
$11,475
Estimates only. Rates and thresholds change; always confirm with your lawyer at closing. Non-resident buyer taxes (NRST, FBT) are not included.
Toronto land transfer tax rates, 2026
Ontario land transfer tax
| Part of the price | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,000 to $250,000 | 1% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2% |
| Over $2,000,000 | 2.5% |
Toronto municipal land transfer tax (from April 1, 2026)
| Part of the price | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,000 to $250,000 | 1% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2% |
| $2,000,000 to $3,000,000 | 2.5% |
| $3,000,000 to $4,000,000 | 4.4% |
| $4,000,000 to $5,000,000 | 5.45% |
| $5,000,000 to $10,000,000 | 6.5% |
| $10,000,000 to $20,000,000 | 7.55% |
| Over $20,000,000 | 8.6% |
Each rate applies only to the part of the price in its bracket, so the share of the price you pay is always below the top rate.
The land transfer tax at common prices
| Home price | Ontario | Toronto | Total | Share of price | First-time buyer |
|---|---|---|---|---|---|
| $300,000 | $2,975 | $2,975 | $5,950 | 1.98% | Exempt |
| $500,000 | $6,475 | $6,475 | $12,950 | 2.59% | $4,475 |
| $750,000 | $11,475 | $11,475 | $22,950 | 3.06% | $14,475 |
| $1,000,000 | $16,475 | $16,475 | $32,950 | 3.29% | $24,475 |
| $1,500,000 | $26,475 | $26,475 | $52,950 | 3.53% | $44,475 |
| $2,000,000 | $36,475 | $36,475 | $72,950 | 3.65% | $64,475 |
| $3,000,000 | $61,475 | $61,475 | $122,950 | 4.10% | $114,475 |
On a typical home in City of Toronto
| Market | Price | Tax | First-time buyer | Month |
|---|---|---|---|---|
| City of Toronto | $1,034,320 average price | $34,323 | $25,848 | September 2026 |
Prices are from our monthly reports, linked in the table. For the down payment, the other closing costs and the income needed to buy one, see the cost to buy in Toronto.
First-time buyers
First-time buyers get up to $4,000 back on the Ontario tax and up to $4,475 on Toronto's, $8,475 together: the first $400,000 of the price is free of the municipal tax and the first $368,000 of the provincial one. The rules are the same for both: 18 or older, a citizen or permanent resident, never an owner anywhere in the world, and moving in within nine months.
The other help for first-time buyers in Ontario, from the federal savings accounts to provincial loans and rebates, is in our guide to first-time home buyer programs by province.
About the land transfer tax in Toronto
A home inside the City of Toronto pays two land transfer taxes on the same price: Ontario's and the City's own municipal land transfer tax, which no other Ontario municipality can charge. The municipal brackets copy the provincial ones up to $3 million; since April 1, 2026 the City charges steeper rates above that, up to 8.6% on the part of the price over $20 million.
Both taxes are collected by your lawyer at closing. Homes in Mississauga, Vaughan, Markham and the rest of the GTA pay the Ontario tax only. The 25% Non-Resident Speculation Tax on foreign buyers is not included.
Everywhere else in the province: Ontario Land Transfer Tax.
Land Transfer Tax in Toronto: Quick Answers
How much is the land transfer tax in Toronto?
On top of the Ontario tax, Toronto charges 0.5% on the first $55,000, 1% up to $250,000, 1.5% up to $400,000, 2% up to $2,000,000, 2.5% up to $3,000,000, 4.4% up to $4,000,000, 5.45% up to $5,000,000, 6.5% up to $10,000,000, 7.55% up to $20,000,000 and 8.6% above that. That is $12,950 on a $500,000 home, $22,950 on $750,000 and $32,950 on $1,000,000, both taxes together.
Do first-time buyers pay land transfer tax in Toronto?
First-time buyers get up to $4,000 back on the Ontario tax and up to $4,475 on Toronto's, $8,475 together: the first $400,000 of the price is free of the municipal tax and the first $368,000 of the provincial one. The rules are the same for both: 18 or older, a citizen or permanent resident, never an owner anywhere in the world, and moving in within nine months. On a $500,000 home, that leaves $4,475 to pay instead of $12,950.
Do I pay both the Ontario and the Toronto land transfer tax?
Yes. A home in the City of Toronto pays Ontario's tax and the City's municipal tax on the same price: on $750,000, $11,475 to the province and $11,475 to the City. Homes elsewhere in the GTA pay the provincial tax only.
What is the land transfer tax on a typical home in the City of Toronto?
The average price in the City of Toronto was $1,034,320 in September 2026, so the tax on it is $34,323, or $25,848 for a first-time buyer.
Who pays the land transfer tax, and when?
The buyer, on closing day: your lawyer collects it with the other closing costs and pays it when the transfer is registered. It cannot be negotiated, deferred or added to the mortgage, so it must be in cash on top of the down payment.
Other provinces and cities
Sources
Rates checked October 2026. They change with budgets and by-laws, and your lawyer confirms the amount at closing. Taxes on non-resident buyers are left out.
Related guides & tools
Once you own the home, the yearly tax is on our Ontario property tax rates page.
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