Land Transfer Tax Calculator
Land Transfer Tax Calculator for GTA Purchases
Buying in Toronto, Mississauga, or Hamilton? Syed Haseen Rizvi’s land transfer tax calculator delivers precise estimates for Ontario’s provincial and Toronto’s municipal taxes (MLTT); totaling up to 5% combined on higher-value homes. Factor in first-time buyer rebates up to $4,000 provincial/$4,475 Toronto for accurate budgeting.
Ontario & Toronto Land Transfer Tax Explained
Ontario uses marginal rates; so no flat fee:
| Bracket | Provincial Rate | Toronto MLTT Rate | Combined |
|---|---|---|---|
| $0 – $55K | 0.5% | 0.5% | 1.0% |
| $55K – $250K | 1.0% | 1.0% | 2.0% |
| $250K – $400K | 1.5% | 1.5% | 3.0% |
| $400K – $2M | 2.0% | 2.0% | 4.0% |
| Over $2M | 2.5% | 2.5% | 5.0% |
Example: $800K home = $22,475 provincial + $22,475 Toronto = $44,950 total. First-timers rebate ~$8K, netting $36K.
New April 2026: Graduated MLTT hikes to 5.5%+ on luxury singles over $5M.
How to Use the Calculator
Enter purchase price, first-time status, and location. Instant breakdown includes rebates (full up to $368K provincial). Syed verifies during consult property sessions.
Pro Tip: Save by qualifying for rebates; must be principal residence, Canadian citizen/PR.
Consult property with Syed post-calculation for tax-minimizing strategies like joint purchases.