Ontario land transfer tax brackets
Provincial LTT is charged on slices of the price: 0.5% on the first $55,000, 1% on $55,000–$250,000, 1.5% on $250,000–$400,000, 2% on $400,000–$2 million, and 2.5% above $2 million. First-time buyers may get a rebate up to $4,000 of the provincial tax.
Toronto charges a municipal land transfer tax on top. For typical homes under $3 million the municipal brackets match the provincial ones. From 1 April 2026, Toronto uses higher rates above $3 million. Toronto first-time buyers may get a municipal rebate up to $4,475. Mississauga, Vaughan, and the rest of the GTA do not charge Toronto's tax.
Worked example
A $700,000 Toronto resale: provincial LTT is 0.5% on $55k, 1% on the next $195k, 1.5% on the next $150k, 2% on the remaining $300k, about $10,950. Toronto municipal tax on a typical home under $3 million uses the same slices, so another ~$10,950, before rebates.
First-time buyer rebates (up to $4,000 provincial and up to $4,475 Toronto municipal) only apply if you qualify; the checkbox is not a legal determination. Mississauga and Vaughan do not charge Toronto’s tax. This page does not add non-resident speculation tax.
Common questions
Is this the same as property tax?
No. Land transfer tax is paid once at purchase. Property tax is yearly.
Do I get the rebate in cash at closing?
Often the lawyer applies it on the statement of adjustments if you qualify. Eligibility is stricter than this checkbox.
What about BC or Quebec?
Different names and brackets. This page is Ontario only.