Short answer
Toronto buyers generally need to plan for both Ontario land transfer tax and Toronto municipal land transfer tax. First-time buyer relief can reduce each tax separately, but the caps and rules are not the same.
What does this page answer?
Estimate Toronto municipal land transfer tax and first-time buyer rebate alongside Ontario LTT and new-build closing costs.
- Toronto MLTT is shown separately from Ontario land transfer tax.
- First-time buyer rebates are capped and modelled independently.
- The main calculator combines MLTT with HST rebate and CMHC timing.
Do Toronto buyers pay two land transfer taxes?
A Toronto purchase can trigger provincial and municipal land transfer taxes. The calculator keeps them on separate ledger lines so the buyer can see what each rebate does and what remains payable.
Why does Toronto change the closing number quickly?
For first-time buyers, Toronto's municipal rebate helps, but it rarely eliminates the combined LTT/MLTT cash requirement on higher-priced homes.
Example Toronto land transfer tax estimate
| Purchase price | $950,000 |
|---|---|
| Gross Toronto MLTT | $15,475 |
| Toronto first-time buyer rebate | Up to $4,475 |
| Net Toronto MLTT | $11,000 |
Frequently asked
Do Toronto buyers pay two land transfer taxes?
Generally yes. Toronto purchases can trigger both Ontario land transfer tax and Toronto municipal land transfer tax.
Is the Toronto first-time buyer rebate the same as Ontario's?
No. The Toronto MLTT rebate and Ontario LTT refund are separate caps and should be modelled separately.