Provincial and Toronto municipal LTT in seconds — residential and commercial rates, first-time buyer rebates, and April 2026 luxury brackets.
Adds Toronto's Municipal Land Transfer Tax (MLTT) on top of the provincial tax
Reduces your tax by up to $4,000 (Ontario) and $4,475 (Toronto) — residential only
Both Ontario and Toronto use marginal (progressive) brackets — the same structure as income tax. You only pay the higher rate on the portion above each threshold.
| Purchase Price | Marginal Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| Above $2,000,000 (residential) | 2.5% |
| Above $400,000 (commercial) | 2.0% (no 2.5%) |
Commercial, industrial, multi-residential, and vacant land: the 2.5% tier does not apply. The 2.0% rate continues on all amounts above $400,000.
Applies only to properties inside the City of Toronto boundaries — not Mississauga, Brampton, Vaughan, or other GTA municipalities.
| Purchase Price | Marginal Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| $2,000,001 – $3,000,000 (residential) | 2.5% |
| Above $3M (residential — luxury, effective Apr 2026) | 4.4% – 8.6% |
| Above $400,000 (commercial) | 2.0% (no luxury) |
April 2026 luxury brackets (residential, above $3M): $3M–$4M: 4.40% · $4M–$5M: 5.45% · $5M–$10M: 6.50% · $10M–$20M: 7.50% · Above $20M: 8.60%.
If you have never owned a home anywhere in the world, you qualify for both the Ontario and Toronto rebates. The rebate cannot exceed the tax owed.
Rebates are claimed when you register the property transfer at closing — your real estate lawyer handles this automatically.
Estimates only — actual LTT is set at time of registration. Consult your real estate lawyer for the exact amount due at closing.
