The quick answer
On an $800,000 home in the City of Toronto you pay $12,475.00 Ontario land transfer tax and $12,475.00 Toronto municipal land transfer tax: $24,950.00 in total. First-time buyers get up to $8,475 back and pay $16,475.00.
Step by step (same for both taxes)
| Part of the price | Rate | Tax |
|---|---|---|
| First $55,000 | 0.5% | $275.00 |
| $55,000 – $250,000 | 1.0% | $1,950.00 |
| $250,000 – $400,000 | 1.5% | $2,250.00 |
| $400,000 – $800,000 | 2.0% | $8,000.00 |
| Total | $12,475.00 |
Toronto’s municipal rates are the same as Ontario’s up to $3 million, so the two bills match: 2 × $12,475 = $24,950.
Nearby prices in Toronto
| Price | Total LTT | First-time buyer |
|---|---|---|
| $600,000 | $16,950 | $8,475 |
| $700,000 | $20,950 | $12,475 |
| $750,000 | $22,950 | $14,475 |
| $800,000 | $24,950 | $16,475 |
| $850,000 | $26,950 | $18,475 |
| $900,000 | $28,950 | $20,475 |
| $1,000,000 | $32,950 | $24,475 |
| $1,100,000 | $36,950 | $28,475 |
Planning your closing costs
On top of land transfer tax, plan for legal fees and disbursements (often $2,000–$3,000), title insurance, a home inspection, adjustments for prepaid property tax or condo fees, and moving. A common rule of thumb is to keep 1.5% to 4% of the price aside — in Toronto, land transfer tax alone is about 3%.
If you put less than 20% down, CMHC insurance is added to the mortgage, but the provincial sales tax on that premium (8% in Ontario) is due in cash on closing too.
Quick reference: closing day in Ontario
| Cost | Typical amount | Paid when |
|---|---|---|
| Ontario land transfer tax | Brackets from 0.5% to 2.5% | Closing (via lawyer) |
| Toronto MLTT (Toronto only) | Same brackets to $3M, higher above | Closing (via lawyer) |
| Legal fees + disbursements | About $1,500 – $3,000 | Closing |
| Title insurance | A few hundred dollars | Closing |
| PST on CMHC premium | 8% of the premium | Closing (cash) |
Your lawyer will send a statement of adjustments a few days before closing with the exact amount to wire, including land transfer tax net of any first-time buyer refunds.
Common questions
- Is land transfer tax deductible? Not for a home you live in. For a rental property it is added to the cost of the property.
- Do I pay it on a gift from a parent? Usually only on the value of what you pay or take over (for example a mortgage), so a pure gift can be close to tax-free — ask your lawyer.
- What about the 25% Non-Resident Speculation Tax? It applies across Ontario to foreign nationals and some foreign entities, on top of land transfer tax.
Rates were checked against the Ontario Ministry of Finance and City of Toronto pages on 5 November 2026.
FAQ
How much is land transfer tax on $800,000 in Toronto?
$24,950.00: $12,475.00 to Ontario and $12,475.00 to the City of Toronto.
How much do first-time buyers pay on $800,000 in Toronto?
$16,475.00, after the $4,000 Ontario refund and the $4,475 Toronto rebate.
What would it be outside Toronto?
$12,475 — only the Ontario tax applies.
Sources (checked 5 November 2026): Land Transfer Tax Act (Ontario) and Ontario Ministry of Finance “Land transfer tax refunds for first-time homebuyers” (ontario.ca, max $4,000 since Jan 1, 2017); City of Toronto, “Municipal Land Transfer Tax (MLTT) rates and fees” (toronto.ca: graduated rates above $3M from April 1, 2026, Council decision of Dec 17, 2025); TRREB, “Land transfer tax rebates – provincial and Toronto” (Toronto rebate max $4,475); NOW Toronto, Dec 18, 2025.