Land Transfer Tax Calculator
Get accurate information with the Ontario Land Transfer Tax and Toronto Municipal Tax calculator. Receive immediate tax estimates to assist in planning for your investment.
Land Transfer Tax Calculator
Select which calculator you would like to use:
Ontario Land Transfer Tax Calculator
Calculate Provincial Land Transfer Tax for properties across Ontario
Toronto Municipal Tax Calculator
Calculate Municipal Land Transfer Tax (MLTT) & Municipal Non-Resident Speculation Tax (MNRST)
Important Notice
Disclaimer
This calculator is provided for general informational purposes only and does not constitute legal advice. While Real Estate Lawyer Milton is a qualified real estate law firm, we do not guarantee the accuracy or applicability of the calculated amount unless we are formally retained to advise on your transaction. The calculator is based on publicly available information and may not reflect recent legislative changes or the specific details of your matter. No lawyer-client relationship is formed by using this tool, and Real Estate Lawyer Milton disclaims any liability for reliance on the results. For a confirmed calculation tailored to your transaction, please contact us to retain our services.
Understanding the Land Transfer Tax Calculator
Using our Land Transfer Tax Calculator is crucial as purchasing a home in Canada involves several expenses. In Ontario and most provinces, this tax is based on a percentage of the property's value. If you are purchasing a property in Toronto, you will have to pay two Land Transfer Taxes: the Ontario Provincial Land Transfer Tax, and the Toronto Municipal Land Transfer Tax (MLTT).
Ontario First-Time Homebuyers LTT
Our Land Transfer Tax Calculator is also helpful for first-time homebuyers, who can get a rebate of up to $4,000. This amount completely covers the land transfer tax for homes valued at $368,000 or less. Homebuyers investing in a property priced higher than this limit will still get the full $4,000 rebate, while the extra amount will be fulfilled by them.
How To Calculate Land Transfer Tax?
When using our property transfer tax calculator, make sure that you fill out each field accurately.
- Enter Property Location: The province will determine the fees and the LTT rate. Provide the accurate location for the land transfer tax and any applicable municipal rebates.
- First-Time Homebuyer Details: The land transfer calculator has an option for first-time buyers. Your eligibility for the rebate programs depends on this.
- Property Value (Asking Price): Enter your home's purchase price times the tax rate percentage in your province and municipality to determine the payable LTT.
- Municipal Non-Resident Speculation Tax (MNRST): A 10 percent MNRST rate along with MLTT will be charged on the total purchase price for foreign buyers in Ontario.