Free Ontario closing cost tool
Ontario Land Transfer Tax Calculator
Enter your purchase price and I will show you the land transfer tax on your Ontario home, the first-time buyer rebate you may qualify for, and the bracket by bracket math behind the number.
Rates verified July 2026. This is an estimate to get you oriented. For the full closing cost picture, talk to Nick Bachusky, a licensed Mortgage Agent working under Referral Mortgages Inc.
Your purchase
Where are you buying?
Ontario refunds up to $4,000 of the tax for eligible first-time buyers. Toronto adds its own rebate of up to $4,475 on the municipal portion.
Your land transfer tax
See the bracket by bracket breakdown
Land transfer tax is only one closing cost. Want the full picture on what you can afford?
Estimate only, for residential properties containing one or two single-family residences. Toronto figures reflect the graduated MLTT rates in effect April 1, 2026 and exclude the City's administration fee ($102.56 + HST) and the 10% Municipal Non-Resident Speculation Tax. Ontario's Non-Resident Speculation Tax is also excluded. Rebate amounts assume full first-time buyer eligibility. This is not legal or tax advice; confirm final amounts with your real estate lawyer. Nick Bachusky · Mortgage Agent Level 1 · Referral Mortgages Inc. · FSRA #13316.
How Ontario land transfer tax works
Ontario charges land transfer tax on a sliding scale, so each slice of your purchase price is taxed at its own rate rather than one flat rate on the whole amount. Eligible first-time buyers get up to $4,000 refunded, and buying inside the City of Toronto adds a second, municipal land transfer tax on top of the provincial one.
Ontario rates, verified July 2026
| Price portion | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,000 to $250,000 | 1% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2% |
| Above $2,000,000 | 2.5% |
A worked example
On a $650,000 home in Ottawa, the provincial land transfer tax comes to $9,475. As a first-time buyer you would get the full $4,000 rebate, bringing your bill to $5,475 due on closing day.
That money cannot come from your mortgage. It has to be there in cash on top of your down payment, which is exactly why I walk every buyer through closing costs before we ever talk about a rate.
Full eligibility rules for the refund are on the Ontario Ministry of Finance land transfer tax page.
Budget for the whole closing, not just the tax.
Land transfer tax is usually the single biggest closing cost on an Ontario purchase, but it is not the only one. Legal fees, title insurance and adjustments typically add a few thousand dollars more, and lenders want to see you can cover all of it. I put those numbers in front of you early, so nothing surprises you three weeks before closing.
Once you know your tax, run your payment through my Ottawa mortgage calculators, check today's current Ottawa mortgage rates, and plan your Ottawa home purchase with someone who shops dozens of lenders for you.
Claiming the rebate for the first time? My first-time home buyer guide for Ottawa covers the rebate, the incentives and the order to do things in, and how working with me works shows the path from first call to broker complete.
Nick Bachusky · Mortgage Agent Level 1 · Referral Mortgages Inc. · FSRA #13316. Calculator results are estimates only, not an offer or a guarantee of approval, rate or cost.