How much is land transfer tax in Ontario?

Ontario land transfer tax is tiered: 0.5% on the first $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000, and 2.5% above that. A home in Toronto also pays a municipal land transfer tax on top, roughly doubling the bill.

Do first-time home buyers pay land transfer tax?

They often pay less. Ontario offers a refund up to $4,000, Toronto an additional refund up to $4,475, and BC offers a first-time buyer exemption up to certain price thresholds. This calculator applies these rebates when you check the first-time buyer box.

Is land transfer tax part of my down payment?

No. Land transfer tax is a separate closing cost you pay on top of your down payment, usually due on closing day. It's one of the largest closing costs, so budget for it early.

Land Transfer Tax Calculator (Ontario, Toronto, BC) 2026

Ontario land transfer tax rates

Portion of price	Rate
First $55,000	0.5%
$55,000 – $250,000	1.0%
$250,000 – $400,000	1.5%
$400,000 – $2,000,000	2.0%
Over $2,000,000	2.5%

Buying in Toronto? You pay a municipal land transfer tax on top of the provincial one — with the same tiers up to $2M and higher rates above that — which roughly doubles the bill. Ontario first-time buyers can claim up to $4,000 back, and Toronto first-time buyers up to a further $4,475.

British Columbia property transfer tax

1% on the first $200,000, 2% up to $2,000,000, 3% above $2,000,000, and an extra 2% on the residential portion over $3,000,000. BC's first-time buyer program can fully or partially exempt lower-priced homes — thresholds change, so confirm current limits.

Alberta and Saskatchewan don't charge land transfer tax — only smaller title and mortgage registration fees.

Land transfer tax is one closing cost you can't negotiate. The repairs an aging home needs, though, are exactly what you can negotiate — if you spot them first. That's what Casaroo is for.

Common questions

When do I pay land transfer tax?

On closing day, through your real estate lawyer — separate from and on top of your down payment.

Why is Toronto so much higher?

Toronto charges its own municipal land transfer tax in addition to Ontario's, so buyers there pay roughly twice the tax of buyers elsewhere in the province.

Land Transfer Tax Calculator

Ontario land transfer tax rates

British Columbia property transfer tax

Common questions

You budgeted for the tax. Did you budget for the furnace?