Know what to expect beyond the purchase price.
Land transfer tax is one of the closing costs to plan for when buying a home in Ontario. Use the calculator below to estimate the tax that may apply to your purchase.
The purchase price isn't the only number to plan for.
Land transfer tax is one of several costs that can come with closing on a home. Knowing about it early makes it easier to build a more realistic picture of how much cash you'll need when it's time to close.
It's A Closing Cost
Ontario land transfer tax is generally payable when you acquire land or an interest in land in Ontario. Your lawyer will typically account for the applicable tax as part of the closing process.
First-Time Buyer?
Eligible first-time homebuyers may qualify for an Ontario land transfer tax refund, which can reduce the amount of provincial tax payable.
Buying In Toronto?
Properties in Toronto can also be subject to the City's municipal land transfer tax, separate from Ontario's provincial land transfer tax.
Want to check the current Ontario rules?
The Province of Ontario provides current information about land transfer tax, how it is calculated and available first-time homebuyer refunds.
A note about land transfer tax calculations.
Calculator results and information on this page are provided for general information and planning purposes only and are not legal, tax or financial advice. Actual land transfer tax, available refunds and other closing costs will depend on the property, transaction and your individual circumstances. Confirm amounts applicable to your purchase with your lawyer and current official sources.
Wondering what else to budget for before closing?
Land transfer tax is only one piece of the purchase. If you're trying to understand the costs that come with buying a particular home, we can walk through the bigger picture together.
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