Estimate the land transfer tax owing on your Ontario real estate purchase, including Toronto's municipal tax and first-time buyer rebates.
Land transfer tax is paid by the buyer on closing day. Your lawyer collects it before the title is registered.
Buyers (not sellers) pay the tax. It is not income-tax deductible and applies to all residential and commercial purchases in Ontario.
First-time buyers receive up to $4,000 back on Ontario LTT, which covers the full tax on homes priced at roughly $368,000 or less.