Land transfer tax, the closing cost people forget.
One of the biggest cheques you write on closing day — and in Toronto you pay it twice. Enter your price to see the provincial and municipal tax, and any first-time-buyer rebate.
Toronto buyers pay both the Ontario and a municipal land transfer tax. First-time-buyer rebates apply where eligible.
Land transfer tax is one of several closing costs.
Legal fees, title insurance, appraisal and adjustments add up too. A licensed mortgage professional will map your full cash-to-close before you firm up an offer.
- Maps your full cash-to-close
- Flags the rebates you qualify for
Illustrative estimate using published provincial and Toronto municipal land-transfer-tax brackets and standard first-time-buyer rebate limits. Rebate eligibility, high-value tiers and non-resident/speculation taxes are not modelled. Confirm the exact amount with your real-estate lawyer or notary before closing. Not an offer of credit.