Toronto MLTT & Closing Cost Calculator
Calculate Toronto's municipal land transfer tax alongside the Ontario provincial tax, and estimate total closing costs on a Toronto purchase.
- Toronto MLTT
- Mirrors ON
- Municipal
- Combined Top
- 5.0%
- Above $2m
- FTB Rebate
- $4,475
- Toronto portion
Formula & Statutory Rule
Formula
toronto_mltt = tiered(price, [0.5%, 1%, 1.5%, 2%, 2.5%])
Statutory Rule
combined = provincial_ltt + toronto_mltt; ftb_rebate = $4,000 + $4,475Regional Benchmark Reference
| Jurisdiction / Tier | Rate or Limit | Statutory Note |
|---|---|---|
| Provincial | Tiered | Ontario |
| Municipal | Mirrored | Toronto |
| Combined top | 5.0% | Above $2m |
Frequently Asked Questions
What is the Toronto MLTT?
Toronto charges a municipal land transfer tax in addition to the Ontario provincial tax, using the same tiered schedule.
How much is the combined tax?
A Toronto buyer pays both taxes, effectively doubling the provincial amount, up to 5% combined above $2 million.
Is there a Toronto first-time buyer rebate?
Yes. Toronto offers a rebate of up to $4,475 of the municipal tax for eligible first-time buyers.
Are closing costs included?
This calculator adds legal fees, title insurance and adjustments to the transfer taxes.