💡 What Is Land Transfer Tax?
- prsandhulaw
- Apr 22
- 1 min read
Land Transfer Tax is a provincial tax you must pay when purchasing real estate in Ontario. It’s based on the purchase price of the home and is paid on closing day. If you're buying in Toronto, you'll also owe a municipal LTT on top of the provincial amount.
🏠 Rebates for First-Time Home Buyers
First-time home buyers can receive:
Up to $4,000 rebate on Ontario LTT
Up to $4,475 rebate on Toronto LTT
You may qualify if:
You're 18 or older
You’re a Canadian citizen or permanent resident
You’ve never owned a home anywhere in the world
You’ll live in the home as your principal residence
👩⚖️ We’ll Help You Plan Ahead
We’ll calculate your land transfer tax early in the process and make sure you receive any rebate you’re entitled to. Our goal is to keep your closing stress-free and surprise-free.