First-Time buyers may be eligible for the first-time home buyer Land Transfer Tax Rebate in Ontario.
Ontario Land Transfer Tax is paid on the day of closing.
In Toronto real estate buyers are hit with both the Land Transfer Tax Ontario (provincial) and Land Transfer Tax Toronto (municipal) payments. You can use the chart below for how to calculate your Toronto land transfer tax, but the calculation gets a bit confusing so for simplicity it’s best to use our Land Transfer Tax Toronto Calculator above.
If you’re a first-time buyer, you may also be eligible for the First Time Home Buyer Tax Credit. Visit our First-Time Buyer Rebates page to learn more.
There’s an exception to every rule and when it comes to family, Ontario may waive your land transfer fee. Instances where you may be exempt from Land Transfer Tax are:
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