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How much land transfer tax will you pay?
Land transfer tax due on closing
$10,475
On a $650,000 home in Toronto, after the first-time buyer rebate.
Ontario tax
$9,475
Toronto municipal tax
$9,475
Rebate applied
$8,475
Total before rebate
$18,950
As a first-time buyer, the rebate brings this down from $18,950 to $10,475.
Toronto is the only Ontario municipality that charges its own land transfer tax on top of the provincial one — everywhere else in Ontario, only the provincial tax applies.
This is due in cash on closing day, on top of the down payment — it cannot be added to the mortgage.
See every line
Provincial tax
Ontario land transfer tax$9,475
First-time buyer rebate-$4,000
Municipal tax
Toronto land transfer tax$9,475
First-time buyer rebate-$4,475
Total
Before rebate$18,950
Rebate-$8,475
Due on closing$10,475
What this assumed
Ontario rebate cap$4,000
Toronto rebate cap$4,475 (Toronto only)
First-time buyer eligibilityNever owned a home anywhere, Canadian citizen or permanent resident
What this number means
Ontario charges land transfer tax on every home purchase, calculated in brackets that rise with price. Toronto is the only municipality that charges a second, matching tax on top. Both come due in cash on closing day, separate from your down payment.