Land Transfer Tax (Ontario)

Ontario LTT, the City of Toronto municipal LTT, first-time home buyer rebates and the Non-Resident Speculation Tax.

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Purchase price*

CAD

Property in the City of Toronto

Adds the municipal land transfer tax

First-time home buyer

Up to $4,000 Ontario + $4,475 Toronto rebate. You must be 18+, a Canadian citizen or permanent resident, occupy the home within 9 months, and never have owned a home anywhere.

Foreign buyer (NRST applies)

25% Non-Resident Speculation Tax on residential property anywhere in Ontario

TOTAL LAND TRANSFER TAX

$10,475

Ontario LTT$10,475

Land transfer tax is payable in cash at closing and cannot be added to your mortgage.

Results are estimates for illustration only and are not an approval or an offer of credit. Calculations use Canadian mortgage conventions (interest compounded semi-annually, not in advance), current CMHC default insurance premium bands, and the OSFI minimum qualifying rate. Actual figures depend on lender policy, property details and credit review. Lijo Abraham — Mortgage Agent Level 1, Pegasus Mortgages (FSRA licensed).