Question 1

How is Ontario Land Transfer Tax calculated?

Accepted Answer

Ontario Land Transfer Tax uses a marginal calculation system. First-time homebuyers may be eligible for a rebate up to $4,000 on the provincial tax.

Question 2

How do I calculate municipal land transfer tax in Toronto?

Accepted Answer

If purchasing within the City of Toronto boundaries, an additional Municipal Land Transfer Tax applies, which also features a first-time buyer rebate up to $4,475.

Premium Real Estate Calculators

Payment Details