A provincial land transfer tax applies to all properties in Ontario, including Toronto. A separate Toronto land transfer tax applies to Toronto properties only
Note (Toronto Land Transfer Tax):
First time home buyers of new AND re-sale homes will receive a rebate of the Toronto land transfer tax of up to $3,725 (equivalent to the Toronto land transfer tax payable on a $400,000 property).
Note (Provincial Land Transfer Tax):
First time home buyers of newly constructed and resale homes (only resale homes where agreements of purchase and sale were signed after December 13, 2007) are eligible for a rebate of the provincial land transfer tax (PLTT) up to $2,000 (equivalent to the provincial land transfer tax payable on a $227,500 property).
Add the following together:
Provincial Land Transfer Tax (Applies to all Ontario properties, including Toronto)
0.5% on the first $55,000 plus 1.0% of the amount from $55,001 to $250,000 plus 1.5% of the amount in excess of $250,001 to $400,000 plus 2.0% of the amount in excess of $400,000
Toronto Land Transfer Tax (Applies to Toronto properties only)
0.5% on the first $55,000 plus 1.0% of the amount from $55,001 to $400,000 plus 2.0% of the amount in excess of $400,000
For additional information please contact the Ontario Ministry of Finance at 905-433-6361 (for provincial land transfer tax questions) or the City of Toronto at 416-338-0338 (for Toronto land transfer tax questions). Nigel Wain assumes no responsibility for the accuracy or completeness of the information set out in this section.

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