LAND TRANSFER TAX CALCULATOR

In Canada, regardless of the province or municipality, the buyer is responsible for paying land transfer tax (LTT), not the seller. This tax is due as soon as the buyer takes possession of the property.

In Ontario, first-time buyers of new and re-sale homes are eligible a Land Transfer Tax (LTT) rebate of up to $4,000.

If you are purchasing in Toronto,  you will also have to pay a municipal Land Transfer Tax. This tax is calculated in the same manner as the provincial tax and offers a rebate of up to $4,475 for first-time home buyers.

The buyer is considered to be a first-time buyer for the provincial and Toronto LTT if they are at least 18 years of age, Canadian citizen or permanent resident, and must not have previously owned a home anywhere in the world at anytime. If a spouse is involved, the spouse cannot have owned a home or had any ownership interest in a home while he/she was the purchaser's spouse.