Toronto Land Transfer Tax

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Toronto Property Tax 2024

The Municipal Assessment Corporation (MPAC) evaluates properties all over Ontario and submits assessed values for each every four years. Consequently, your Toronto land transfer tax will be based on the estimated value of your home, which includes two primary components:

An education tax that is the same throughout Ontario
A municipal tax that depends on the municipality of the property

Owners of land or properties are obligated to pay this tax since it is later used to pay for city services. However, it can differ significantly depending on the market value of your property. Certain cities might impose extra taxes. For instance, Toronto has established a City Building Fund Levy dedicated to urban transit and housing initiatives. Contact our experienced real estate lawyer in Toronto to learn more. Or read our blog post about property taxes.

Real Estate Property Taxes in 2023 Canada

Toronto Land Transfer Tax Calculator

Land transfer tax (LTT) is a provincial tax payable by the buyer of real property in Ontario. As with property tax, the amount is based on the property’s value. If your property is in Toronto, you must pay both the provincial tax and the Toronto land transfer tax.

Below is a calculator designed to calculate the Toronto land transfer tax you must pay on your property. It is for BUYERS ONLY. And only for Toronto. Visit our Ontario Land Transfer Tax page to calculate tax for other cities.

Although we have made this calculator as accurate as possible, De Krupe Law is not responsible for the accuracy of this calculator, and you should not entirely rely on it. This calculator was designed to give you an idea of what your land transfer tax could possibly be. Laws can change, and so can tax percentages. Check out our page to follow the latest Toronto real estate market statistics and news. If you still have questions, don’t hesitate to visit the real estate lawyer Toronto FAQ.

Enter the purchase price:

Provincial Land Transfer Tax (PLTT)

Toronto Land Transfer Tax (TLTT)

Total Land Transfer Tax (PLTT + TLTT) $0