Calculating Land Transfer Tax
 
 
If you purchase land or an interest in land in Ontario you are required to pay the Provincial Land
Transfer Tax (PLTT). If you have purchased this land or an interest in land located in Toronto, you
are required to pay the Municipal Land Transfer Tax (MLTT) in addition to the PLTT.
 
Toronto - Municiple Land Transfer Tax (MLTT)
 
Up to and including $55,000.00 X 0.5% of total property value
From $55,000.01 to $400,000.00 X 1% of total property value
Over $400,000.00 X 2% of total property value
 
Ontario - Provincial Land Transfer Tax (PLTT)
 
Up to $55,000 X 0.5% of total property value
From $55,000 to $250,000 X 1% of total property value
From $250,000 to $400,000 X 1.5% of total property value
From $400,000 up X 2% of total property value
The City of Toronto levies an additional LTT on Toronto real estate in addition to the provincial
rate.


See examples below:
 
$300,000                                             $400,000                                                         $500,000
PLTT = $2,225                                     PLTT = $4,475                                                 PLTT = $6,475
TLTT = $2,225                                     TLTT = $3,725                                                 TLTT = $5,725
Total LTT = $4,450                              Total LTT = $8,200                                          Total LTT = $12,200
 
 
$600,000                                             $700,000                                                         $800,000
PLTT=$8,475                                       PLTT = $10,475                                               PLTT = $12,475
TLTT=$7,725                                       TLTT = $9,725                                                 TLTT = $11,725
Total LTT = $16,200                            Total LTT = $20,200                                        Total LTT = $24,200
 
 
           
Land Transfer Tax Rebates: First Time Home Buyers
 
If you are a first time home buyer you are eligable for rebates for both the Municipal and Provincial
Land Transfer Tax
 
Municipal Land Transfer Tax (MLTT): Maximum $3725
Provincial Land Transfer Tax (PLTT): Maximum $2000