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 — it's collected by your lawyer 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 — covering the full tax on homes priced at roughly $368,000 or less.