Land Transfer Tax Calculator
Calculate provincial + municipal land transfer taxes with first-time buyer rebates.
Total Land Transfer Tax
AED 12,475
Provincial LTT
AED 12,475
How Land Transfer Tax Works
Land transfer tax (LTT) is a one-time tax paid at closing when you purchase property. It's calculated on a marginal bracket system — similar to income tax — where higher portions of the purchase price are taxed at progressively higher rates.
Not all provinces charge LTT. Alberta, Saskatchewan, and Newfoundland have no land transfer tax. Quebec calls theirs the "Welcome Tax" (droits de mutation). Toronto is the only Canadian city that levies its own municipal LTT on top of the provincial tax.
Ontario LTT Brackets
| Portion of Price | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
BC uses a similar bracket structure: 1% up to $200K, 2% on $200K–$2M, 3% on $2M–$3M, 5% above $3M.
First-Time Buyer Rebates
- •Ontario — up to $4,000 rebate (full rebate on homes up to $368,000; partial up to $500,000).
- •Toronto — additional municipal rebate up to $4,475 for first-time buyers.
- •BC — full exemption on homes up to $500,000; partial on $500K–$835K (max $8,000 savings).
- •PEI — up to $2,000 rebate for first-time buyers on homes under $200,000.
Calculations are estimates only and do not constitute financial advice. Actual rates, fees, and eligibility may vary by lender. Always consult a licensed mortgage professional.