Land Transfer Tax Calculator

Ontario charges provincial land transfer tax on a marginal (slice) basis: 0.5% up to $55,000, 1% from $55,000 to $250,000, 1.5% from $250,000 to $400,000, 2% from $400,000 to $2,000,000, and 2.5% above that. A $500,000 purchase, for example, works out to $6,475 in provincial tax. First-time buyers can claim a rebate of up to $4,000, which fully offsets the tax on purchases up to $300,000.

Yes, in effect. Buyers in the City of Toronto pay BOTH the Ontario provincial land transfer tax AND the City of Toronto's own Municipal Land Transfer Tax (MLTT), which mirrors the provincial bands up to $2,000,000 and adds higher brackets above that. On a $500,000 Toronto purchase, that means roughly $6,475 in provincial tax PLUS an equal $6,475 in municipal tax — about $12,950 combined. Toronto also offers its own separate first-time-buyer rebate (up to $4,475) on top of the provincial one.

British Columbia offers a phased first-time-buyer exemption from its Property Transfer Tax (PTT): a full exemption on purchases at or below $500,000, a capped $8,000 rebate on purchases up to $835,000, and a linear phase-out of that rebate between $835,000 and $860,000, reaching $0 above that. Outside these thresholds, standard PTT bands apply: 1% up to $200,000, 2% from $200,000 to $2,000,000, and 3% above that, plus a further 2% surcharge on the portion of residential value above $3,000,000.

Yes — Quebec calls it the "welcome tax" (droit de mutation), charged at province-wide minimum rates of 0.5% up to $53,200, 1% from $53,200 to $266,200, and 1.5% above that. Montreal and some other municipalities are permitted to set higher top-bracket rates than these province-wide minimums, so always confirm the exact rate with your specific municipality. Quebec has no general first-time-buyer rebate program at the provincial level.

No — they're entirely different taxes. Land transfer tax (or Property Transfer Tax in BC, or the 'welcome tax' in Quebec) is a one-time tax paid when you purchase a property, calculated as a percentage of the purchase price in marginal bands. Property tax is an ongoing annual tax, charged by your municipality based on your property's assessed value, that continues for as long as you own the home.

Each program applies its rebate to its own portion of the tax and has its own rules. Ontario's provincial rebate is capped at $4,000, fully offsetting the tax on purchases up to $300,000. Toronto's municipal rebate is capped separately at $4,475. BC's rebate phases out entirely between $835,000 and $860,000. Quebec has no general rebate program. Always check that all buyers on title genuinely qualify as first-time buyers under the specific program's rules before relying on a rebate.