Toronto Land Transfer Tax Calculator (2026)
On a $650,000 home in Toronto, expect about $18,950 of land transfer tax — due in cash at closing, on top of your down payment. Enter your price below for the exact number, including first-time-buyer relief.
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Toronto land transfer tax rates (2026)
Marginal rates — each applies only to the portion of the price in that band. Toronto’s municipal tax below is charged in addition to the Ontario schedule.
| Portion of the price | Toronto municipal rate |
|---|---|
| $0 – $55,000 | 0.5% |
| $55,000 – $250,000 | 1% |
| $250,000 – $400,000 | 1.5% |
| $400,000 – $2,000,000 | 2% |
| $2,000,000 – $3,000,000 | 2.5% |
| $3,000,000 – $4,000,000 | 4.4% |
| $4,000,000 – $5,000,000 | 5.45% |
| $5,000,000 – $10,000,000 | 6.5% |
| $10,000,000 – $20,000,000 | 7.55% |
| Over $20,000,000 | 8.6% |
Rates above $3M effective April 1, 2026, for single-family residences. The Ontario provincial schedule (0.5%–2.5%) applies on top. First-time buyers get a refund of up to $4,000 (covers homes to about $368,000). Toronto adds its own rebate up to $4,475.
What you'd pay in Toronto — worked examples
| Purchase price | Land transfer tax | First-time buyer pays |
|---|---|---|
| $400,000 | $8,950 | $475 |
| $500,000 | $12,950 | $4,475 |
| $650,000 | $18,950 | $10,475 |
| $800,000 | $24,950 | $16,475 |
| $1,000,000 | $32,950 | $24,475 |
| $2,000,000 | $72,950 | $64,475 |
| $4,000,000 | $191,950 | $183,475 |
Computed from the 2026 schedule above (Ontario + Toronto combined). The first-time-buyer column applies the maximum relief; eligibility conditions apply. Small flat admin fees excluded.
How it works in Toronto
Toronto is the only Canadian city with its own full land transfer tax on top of the provincial one — roughly doubling the bill for most homes. Its rates match Ontario’s up to $2M, but since April 1, 2026 the tiers above $3M are much steeper, reaching 8.6% on the portion above $20M. First-time buyers can combine Toronto’s $4,475 rebate with Ontario’s $4,000 refund.
Land transfer tax elsewhere in Canada
Or use the main land transfer tax calculator to compare every province at once, and see how land transfer tax works across Canada.
Frequently asked questions
How much is the land transfer tax in Toronto on a $650,000 home?
About $18,950 in 2026 — the Ontario land transfer tax plus Toronto’s municipal tax combined. Use the calculator above for your exact price and first-time-buyer status.
Do first-time buyers pay Toronto land transfer tax?
Ontario refunds up to $4,000 (covering homes to about $368,000), and Toronto adds its own rebate up to $4,475 — up to $8,475 combined. Your lawyer claims it right at registration, so you never front the money.
Can I roll it into my mortgage?
No — land transfer tax is a closing cost paid in cash on closing day, on top of your down payment. See how land transfer tax works across Canada.