Ontario Land Transfer Tax Calculator
Calculate Ontario land transfer tax on a residential purchase across the provincial tiers, with the first-time buyer rebate applied.
- First Tier
- 0.5%
- Up to $55k
- Top Tier
- 2.5%
- Above $2m
- FTB Rebate
- $4,000
- Provincial
Formula & Statutory Rule
Formula
ltt = tiered(price, [0.5%, 1%, 1.5%, 2%, 2.5%])
Statutory Rule
ftb_rebate = min(ltt, $4,000); toronto_mltt = mirrored provincial scheduleRegional Benchmark Reference
| Jurisdiction / Tier | Rate or Limit | Statutory Note |
|---|---|---|
| Up to $55k | 0.5% | First |
| $55k–$250k | 1.0% | Second |
| $250k–$400k | 1.5% | Third |
| $400k–$2m | 2.0% | Fourth |
| Above $2m | 2.5% | Top |
Frequently Asked Questions
How is Ontario LTT calculated?
Ontario applies a tiered rate from 0.5% on the first $55,000 up to 2.5% above $2 million.
What is the first-time buyer rebate?
Eligible first-time buyers receive a rebate of up to $4,000 of provincial land transfer tax.
Does Toronto charge extra?
Yes. Toronto levies a municipal land transfer tax that mirrors the provincial schedule.
When is LTT paid?
Land transfer tax is paid at closing, usually through your lawyer.