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Land Transfer Tax Calculator Toronto

As city council begins to wrangle over next year’s budget, expect to start hearing a lot about the Municipal Land Transfer Tax (MLTT) along with the usual sparring over the property tax rate.

Here’s a primer on the MLTT, a tax reviled by home buyers and real estate professionals but one that’s delivered a huge revenue boost for the city since its implementation in 2008.

Who pays the tax? Anyone who buys a home or business in the city.

How much is it? For residential properties, the tax is charged as a percentage of the sales price. Here’s how the tax is calculated on a property with at least one, but not more than two, single-family residences.

Purchase Price Calculation of Land Transfer Tax
0 – 55,000 0.5 %
55,000 – 400,000 1.00 %
400,000+ 2.00 %
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Land Transfer Tax Amount: $0

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