Higher-value purchases
New Toronto brackets begin above $3M.
Effective April 1, 2026, Toronto’s municipal tax is marginal: 4.40% from $3M to $4M, 5.45% to $5M, 6.50% to $10M, 7.55% to $20M and 8.60% above that. Ontario tax is calculated separately.
Toronto purchase costs · 2026
Toronto land transfer tax calculator (2026 rates)
See Ontario and Toronto land transfer tax together, then compare the same purchase price in nearby cities. First-time buyer rebates are included when selected.
Ontario LTT
$13,475
Toronto MLTT
$13,475
Toronto adds a municipal tax.
First-time buyer rebates
−$8,475
Total land transfer tax
$18,475
Due at closing, subject to your lawyer’s confirmation.
Same price, different city
Toronto pays both taxes.
Comparison at $850,000, with first-time buyer rebates.
| City | Ontario LTT | Toronto MLTT | Rebates | Total |
|---|---|---|---|---|
| Toronto | $13,475 | $13,475 | −$8,475 | $18,475 |
| Mississauga | $13,475 | $0 | −$4,000 | $9,475 |
| Brampton | $13,475 | $0 | −$4,000 | $9,475 |
| Vaughan | $13,475 | $0 | −$4,000 | $9,475 |
| Markham | $13,475 | $0 | −$4,000 | $9,475 |
| Richmond Hill | $13,475 | $0 | −$4,000 | $9,475 |
| Oakville | $13,475 | $0 | −$4,000 | $9,475 |
| Pickering | $13,475 | $0 | −$4,000 | $9,475 |
| Ajax | $13,475 | $0 | −$4,000 | $9,475 |
Closing checklist
Keep more than tax in your closing fund.
- Land transfer tax and any first-time buyer rebate
- Legal fees, disbursements and title insurance
- Inspection, appraisal, moving and utility adjustments
- Ontario PST on mortgage default insurance, if applicable