How Much Land Transfer Tax Do You Pay in Toronto?
Short answer: an $800,000 home in Toronto costs $24,950 in land transfer tax, $12,475 to Ontario and $12,475 to the City. A first-time buyer gets up to $4,000 and $4,475 back and pays $16,475.
Two taxes in Toronto
Everywhere in Ontario you pay the provincial land transfer tax. In the City of Toronto you also pay the municipal land transfer tax (MLTT), at the same rates up to $3 million. Since 1 April 2026 Toronto charges higher rates above $3 million (4.4% rising to 8.6% over $20 million) on homes with one or two single-family residences.
| Part of the price | Ontario | Toronto MLTT |
|---|---|---|
| Up to $55,000 | 0.5% | 0.5% |
| $55,000 to $250,000 | 1.0% | 1.0% |
| $250,000 to $400,000 | 1.5% | 1.5% |
| $400,000 to $2,000,000 | 2.0% | 2.0% |
| $2,000,000 to $3,000,000 | 2.5% | 2.5% |
| Over $3,000,000 | 2.5% | 4.4% to 8.6% |
Examples at common prices
| Price | Ontario | Toronto | Total | First-time buyer pays |
|---|---|---|---|---|
| $500,000 | $6,475 | $6,475 | $12,950 | $4,475 |
| $600,000 | $8,475 | $8,475 | $16,950 | $8,475 |
| $700,000 | $10,475 | $10,475 | $20,950 | $12,475 |
| $800,000 | $12,475 | $12,475 | $24,950 | $16,475 |
| $1,000,000 | $16,475 | $16,475 | $32,950 | $24,475 |
How the $800,000 example works
1.0% × 195,000 = 1,950
1.5% × 150,000 = 2,250
2.0% × 400,000 = 8,000
Total = 12,475 for Ontario, the same again for Toronto
First-time buyers get a provincial refund of up to $4,000 and a Toronto rebate of up to $4,475: $12,475 + $12,475 − $4,000 − $4,475 = $16,475.
Things to know
- The rebates need every buyer (and their spouse) to be a first-time buyer; a spouse who owned a home while married to you can disqualify you.
- Foreign nationals pay the Ontario Non-Resident Speculation Tax of 25%, plus Toronto's 10% municipal non-resident tax.
- Land transfer tax is paid on closing and cannot be added to an insured mortgage, so budget for it in cash.
Sources: Government of Ontario, calculating land transfer tax; City of Toronto, MLTT rates and rebates. Check your own price with the land transfer tax calculator and your payments with the mortgage calculator.
Try the land transfer tax calculator
Enter your own numbers below, or open the full land transfer tax calculator with the formula and more examples.
This guide is general information with example numbers, not financial, tax or building advice. Your costs and results will differ. Terms
Frequently asked questions
How much is land transfer tax on a $1 million home in Toronto?
$32,950 in total, or $24,475 for a first-time buyer after both rebates.
How much is the Toronto first-time buyer rebate?
Up to $4,475 on the municipal land transfer tax, on top of Ontario's refund of up to $4,000.
Do I pay land transfer tax twice in Toronto?
Yes: once to Ontario and once to the City of Toronto, at the same rates up to $3 million.