Find the land transfer tax on your home — Ontario’s tax, Toronto’s municipal tax if you’re buying in the city, and the rebates for first-time buyers.
Land transfer tax you pay
$13,475
For homes with one or two single-family residences. An estimate — your lawyer confirms the exact amounts and applies the rebates at closing.
Toronto’s municipal tax uses the same brackets up to $3 million (2.5% from $2 million), then higher rates on luxury homes since April 1, 2026: 4.40% to $4M, 5.45% to $5M, 6.50% to $10M, 7.55% to $20M and 8.60% above.
See everything you’ll pay on closing day with the closing costs calculator.
Rates and rules checked October 2026.
For a home it’s 0.5% up to $55,000, 1% from $55,000 to $250,000, 1.5% to $400,000, 2% to $2 million and 2.5% above. On a $700,000 home that’s $10,475.
Ontario refunds up to $4,000 to first-time buyers — so there’s no Ontario tax on homes up to $368,000. In Toronto the city also rebates up to $4,475 of its municipal tax. Your lawyer usually claims both at closing.
No. Only the City of Toronto charges a municipal land transfer tax on top of Ontario’s. Buyers in Hamilton, Halton, Peel and the rest of Ontario pay the provincial tax only.
On closing day, through your real estate lawyer. It isn’t added to your mortgage, so plan for it in cash along with your down payment.
You must be at least 18, a Canadian citizen or permanent resident, move in within nine months, and you (and your spouse, while together) must never have owned a home anywhere in the world.