Tel:  (416) 520-6120
(To 11pm 7days/week)
Fax: (416) 222-4277

8 Toronto Area Law Offices Providing Legal Services in ONLY
Residential Real Estate, Title Insurance, Wills, Notary Services

Click for Locations & Maps
Click to Email Us
Office Hours
of Canada
Value Added Services FINTRAC *** HST *** Testimonials Home
Instant Quotation
About Us
8 Office Locations
Free Condo Status Review
Free Power of Attorney
Title Insurance
Existing Owner Title Insurance
First Time Home Buyers
Tax Credit
Electronic Registrations and
Choosing a Lawyer
Useful Forms and Offer Clauses
Principal Residence
Home Renovation Tax Credit
Land Transfer Tax: Ontario
Land Transfer Tax Refund: Ontario
Land Transfer Tax: City of Toronto
The Brick / Tasco
Notary Services
Closing Adjustments
HST Rebates: When Buying From Builder
Mortgage Financing
RRSP Program
Landlord + Tenant matters
Small Claims Court
TARION: New Home Warranty
Types Of Ownership
Insurance: 3 Types
SURVEYS: Are they required?
Condo Rules
Condo Act Changes
Buying Condo from a
Builder: Watch out..
If you are selling...
If you are buying...
Key On Closing
Title Transfer
Moving Check List
Privacy Information
Copyright and Disclaimer
Contact Us/Comments
Top of Page
(Revised April 21, 2017)

The City of Toronto (416 telephone area code being bounded by Steeles on the North, Western boundary of Etobicoke, Eastern boundary of Scarborough and Lake Ontario’s shoreline on the South) approved a municipal Land Transfer Tax that will be levied in addition to the current Ontario provincial Land Transfer Tax to be effective for closings on and after February 1, 2008.

The Toronto City Land Transfer Tax is as follows:

0.5% of the amount of the purchase price up to $55,000.01

1.0% of the purchase price between $55,000.00 and $250,000.00

1.5% of the purchase price between $250,000.01 and $400,000.00

2.0% of the purchase price between $400,000.01 and $2,000,000.00

2.5% of the purchase price above $2,000,000.00 (for residential properties under 3 units)


NOTE: Effective April 1, 2016, an additional administration fee of $75.00 + HST will be charged for processing each purchase in the City of Toronto.


The formula (for a home purchase) for City of Toronto Land Transfer Tax will be as follows:

- up to $55,000: multiply price x 0.5%
- from $55,001 to $250,000: multiply price x 1.0%
- from $250,001 to $400,000: multiply price x 1.5%
- from $400,001 to $2,000,000: multiply price x 2.0%
- for a price over $2,000,000: multiply price x 2.5%

(NOTE: if the property purchased has more than two residential units or is a commercial property and the price exceeds $400,000, multiply the total price x 1.5%.)


Calculate your Toronto City Land Transfer Tax (based on a purchase of a resale residential home):

Enter your purchase price:$
Toronto City Land Transfer Tax:$


  1. If the buyer of property in the City of Toronto is a qualified first time buyer (and this applies to both builder and resale deals) then such buyer is entitled to a DEDUCTION of up to a maximum amount of $4,475.00, being the Toronto Land Transfer tax on the value of a home in the amount of $400,000.00. In other words, a first time buyer buying a home for $400,000.00 (or less) is entitled to a full deduction of the City of Toronto Land Transfer Tax. If the Toronto first time buyer’s purchase price is $400,000 (or less), NO Toronto land transfer tax need be paid if a full rebate/deduction is available.

  2. For all purchases closing after March 1, 2017, in order to receive a First Time Buyer deduction (up to $4,475.00) the purchaser must be a Canadian citizen or a permanent resident of Canada. If the purchaser becomes a Canadian citizen or permanent resident within 18 months of the closing, one may apply for a refund provided an application for a refund is submitted within 18 months of the closing date.

  3. IN ADDITION TO Toronto Land Transfer Tax (for property purchased in TORONTO), a buyer must ALSO pay the added Ontario Land Transfer Tax. For calculations of such tax, go to the link: Land Transfer Tax: Ontario . ALSO for purchase agreements accepted after April 20, 2017, if any buyer is a FOREIGN NATIONAL (not a Canadian Citizen or Permanent Resident) buying in or around Toronto, an added 15% Ontario tax might be payable based on the purchase price. Go to the link: Land Transfer Tax: Ontario .

Top of Page
Free Quotation Existing Owner Title Insurance | Wills
Notary Services | Free Power of Attorney | Free Condo Status Review
Incredible Hours | Free Parking | About Us | Testimonials | Home Page

Stephen H. Shub Professional Corporation
Barrister, Solicitor, Notary
(Head Office) 5799 Yonge St. #803, Toronto, Ontario Canada M2M 3V3
Tel: (416) 520-6120 • Fax: (416) 222-4277 •

Copyright © 1999 and 2017 Stephen H. Shub. All Rights Reserved.
(See Copyright and Disclaimer)