Land transfer tax catches more Toronto buyers off guard than any other line on the closing statement, and it is one of the few costs you can calculate exactly before you sign anything.
Buyers usually ask us about rate and payment first, then find out about land transfer tax at the lawyer's office. We would rather you see the number early, while it can still change which property makes sense.
Both Ontario and Toronto offer a rebate on their share of the tax if this is your first home. The calculator above applies both automatically so the figure you see is what you would actually owe.
Run the numbers, then call us before you write an offer. There is no charge for the conversation.