How Ontario land transfer tax is calculated
| Portion of the price | Ontario rate |
|---|---|
| First $55,000 | 0.5% |
| $55,000 to $250,000 | 1.0% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2.0% |
| Above $2,000,000 (one or two single-family homes) | 2.5% |
- Toronto adds a municipal land transfer tax at the same rates up to $3 million. From April 1, 2026 the rate is 4.40% from $3 million to $4 million, 5.45% to $5 million, 6.50% to $10 million, 7.55% to $20 million and 8.60% above.
- First-time buyers get up to $4,000 back from Ontario and up to $4,475 from Toronto.
- Foreign buyers pay the 25% non-resident speculation tax anywhere in Ontario, plus 10% in Toronto.
The calculator applies these rates to a home with one or two single-family residences. Confirm the final figures with your lawyer.
Buying in Ontario as a resident or new physician? Read physician mortgages in Ontario, then get a plan from Asim.
