온In Ontario, buyers must pay the Ontario Land Transfer Tax (OLTT) when purchasing a property. The tax is calculated as follows:
- Amounts up to and including $55,000: 0.5%
- Amounts over $55,000 up to and including $250,000: 1.0%
- Amounts over $250,000 up to and including $400,000: 1.5%
- Amounts over $400,000: 2.0%
- Amounts over $2,000,000, for properties with one or two single-family residences: 2.5%
In Toronto, an additional Municipal Land Transfer Tax (MLTT) also applies.
You can find more details about both OLTT and MLTT through the links below:
We recommend speaking with a REOCA-certified lawyer to calculate the exact amount based on your purchase price and location.
| Value of consideration | MLTT Rate |
|---|---|
| Up to and including $55,000.00 | 0.5% |
| $55,000.01 to $250,000.00 | 1.0% |
| $250,000.01 to $400,000.00 | 1.5% |
| $400,000.01 to $2,000,000.00 | 2.0% |
| $2,000,000.01 to $3,000,000.00 | 2.5% |
| $3,000,000.01 to $4,000,000.00 | 3.5% |
| $4,000,000.01 to $5,000,000.00 | 4.5% |
| $5,000,000.01 to $10,000,000.00 | 5.5% |
| $10,000,000.01 to $20,000,000.00 | 6.5% |
| Over 20,000,000.00 | 7.5% |
