Buy in the City of Toronto and you pay two land transfer taxes: Ontario's provincial LTT plus the City's municipal LTT (MLTT). That roughly doubles the bill. Estimate the combined tax below — including the higher-value luxury tiers that took effect April 1, 2026.
Toronto buyers pay provincial LTT plus municipal MLTT, using the same base brackets, so the tax roughly doubles — about $20,950 on a $700,000 home. Homes over $3 million face extra municipal luxury tiers up to 8.60% (effective April 1, 2026). First-time buyers can claim up to $4,475 municipal plus $4,000 provincial. This is an estimate — verify with your lawyer.
| Portion of price | Municipal MLTT |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000 to $250,000 | 1.0% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2.0% |
| $2,000,000 to $3,000,000 | 2.5% |
| $3,000,000 to $4,000,000 | 4.40% |
| $4,000,000 to $5,000,000 | 5.45% |
| $5,000,000 to $10,000,000 | 6.50% |
| $10,000,000 to $20,000,000 | 7.55% |
| Over $20,000,000 | 8.60% |
Municipal MLTT only — Ontario's provincial LTT (0.5%–2.5%) is charged on top. Base tiers plus the luxury tiers effective April 1, 2026 (residential, 1–2 single-family homes). Non-residential/3+ unit property caps at 2% above $400,000.
First-time buyers in Toronto can claim two rebates: a municipal MLTT refund up to $4,475 (covering the tax on roughly the first $400,000) and the provincial Ontario refund up to $4,000 — a combined rebate of up to $8,475. Eligibility mirrors the provincial rules: you must be 18 or older, a Canadian citizen or permanent resident, occupy the home as your principal residence, and never have owned a home anywhere in the world.
You pay Ontario's provincial LTT plus Toronto's municipal MLTT, which share the same base brackets, so the tax roughly doubles. On a $700,000 home the combined tax is about $20,950 before any rebate.
Effective April 1, 2026 the municipal MLTT adds tiers on homes over $3M: 4.40% ($3M–$4M), 5.45% ($4M–$5M), 6.50% ($5M–$10M), 7.55% ($10M–$20M) and 8.60% above $20M — on top of Ontario's provincial LTT.
Yes — up to $4,475 municipal plus $4,000 provincial, a combined $8,475. You must be 18+, a citizen or permanent resident, and never have owned a home anywhere.
No. Toronto charges a small MLTT administration fee (around $103 plus HST) per transaction that this estimate leaves out. It also excludes non-resident speculation taxes.
No. It's an estimate using 2026 provincial and municipal brackets and assumes a residential home with one or two units. Confirm the exact amount with your lawyer before closing.