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Land Transfer Tax Calculator

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Land Transfer Calculator

Tax Rates1

Purchase Price of Home Marginal Tax Rate
First $55,000 0.5%
On $55,000 to $250,000 1.0%
On $250,001 to $400,000 1.5%
On $400,001 to $2,000,000 2.0%
Over $2,000,000 2.5%


  • The buyer must be older than 18 years
  • The buyer must occupy the home within nine months of purchase
  • The buyer cannot have owned a home anywhere in the world
  • The buyer’s spouse cannot have owned a home while being your spouse
  • If you are purchasing a new home, it must be eligible for home warranty

Based on Ontario land transfer tax rates, the rebate will cover the fully taxed amount on houses up to $227,500. For houses over $227,500, homebuyers will receive the maximum $4,000 rebate. To obtain this refund, you need to apply within 18 months after the purchase of the home.

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Watch the video to see how land transfer tax is calculated in Ontario

Ontario first-time homebuyer land transfer tax rebate2

The Ontario land transfer tax rebate is equal to the full value of the land transfer tax up to a maximum of $4,000

References and Notes

  1. Ontario Ministry of Finance – Calculating Land Transfer Tax 
  2. Ontario Ministry of Finance – Land Transfer Tax Refunds for First-Time Homebuyers

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