Ontario land transfer tax rates
| Part of the price | Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000 to $250,000 | 1.0% |
| $250,000 to $400,000 | 1.5% |
| Over $400,000 | 2.0% |
| Over $2,000,000 (one or two single-family homes) | 2.5% |
First-time buyers get a refund of up to $4,000, which covers the whole tax on homes up to $368,333. Toronto charges a municipal land transfer tax at the same rates up to $3 million, with higher rates above that since 1 April 2026 (4.4% to 8.6%), and a first-time buyer rebate of up to $4,475.
BC property transfer tax
1% on the first $200,000, 2% up to $2,000,000 and 3% above, plus a further 2% on residential property over $3,000,000. First-time buyers pay nothing up to $500,000, get up to $8,000 off up to $835,000, and a reduced exemption up to $860,000.
Land transfer tax at common prices
| Price | Ontario | Toronto (both taxes) | Toronto, first-time buyer | BC | BC, first-time buyer |
|---|---|---|---|---|---|
| $500,000 | $6,475 | $12,950 | $4,475 | $8,000 | $0 |
| $600,000 | $8,475 | $16,950 | $8,475 | $10,000 | $2,000 |
| $800,000 | $12,475 | $24,950 | $16,475 | $14,000 | $6,000 |
| $1,000,000 | $16,475 | $32,950 | $24,475 | $18,000 | $18,000 |
| $1,500,000 | $26,475 | $52,950 | $44,475 | $28,000 | $28,000 |
Worked example
An $800,000 home in Toronto pays $12,475 Ontario land transfer tax and $12,475 Toronto municipal tax: $24,950. A first-time buyer gets $4,000 and $4,475 back and pays $16,475.
Sources: Government of Ontario, calculating land transfer tax; City of Toronto, MLTT rates and rebates; Government of British Columbia, property transfer tax and first time home buyers' exemption amounts.
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Frequently asked questions
How much is land transfer tax on an $800,000 home in Toronto?
$24,950: $12,475 to Ontario and $12,475 to the City of Toronto. A first-time buyer pays $16,475 after both rebates.
How much is the Ontario first-time buyer rebate?
Up to $4,000. In Toronto there is a second rebate of up to $4,475 on the municipal tax.
Do I pay land transfer tax in Alberta?
No. Alberta and Saskatchewan have no land transfer tax; buyers pay smaller land titles registration fees.
What is the BC first-time home buyer exemption?
No property transfer tax up to $500,000, up to $8,000 off for homes up to $835,000, and a partial exemption up to $860,000.
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Last updated October 2026.