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Land Transfer Tax Calculator

Calculate Your Land Transfer Tax

Understanding the cost of your real estate transaction is crucial. At Anna Gurevich Professional Corporation, we provide you with the tools and expertise to make informed decisions. Our Land Transfer Tax (LTT) Calculator helps you estimate the taxes you will need to pay when purchasing a residential property in Ontario. This tool provides a clear breakdown of both the Provincial Land Transfer Tax (PLTT) and the Toronto Land Transfer Tax (TLTT), ensuring you are well-prepared for your purchase.

Calculator

How to Use the Land Transfer Tax Calculator

Our LTT Calculator is designed to be simple and user-friendly. Follow the steps below to calculate your estimated land transfer taxes:

  1. Enter the Purchase Price: Input the purchase price of the residential property you are buying.

  2. Provincial Land Transfer Tax (PLTT): This is the tax levied by the province of Ontario on the purchase of real estate.

  3. Toronto Land Transfer Tax (TLTT): If you are purchasing a property in Toronto, an additional municipal land transfer tax will be applied.

  4. First-Time Home Buyer Rebate: Check the box if you are a first-time home buyer to see if you qualify for a rebate.

Calculator Components

Purchase Price

  • Definition: The total amount you agree to pay for the residential property. 

  • Description: Enter the full purchase price of the property to get an accurate estimate of the land transfer taxes. This is the starting point for calculating both the provincial and municipal taxes.

Provincial Land Transfer Tax (PLTT)

  • Definition: A tax imposed by the province of Ontario on the purchase of real estate.

  • Description: The PLTT is calculated based on the purchase price of the property. This tax applies to all real estate transactions within Ontario, excluding Toronto, which has an additional municipal tax.

Toronto Land Transfer Tax (TLTT)

  • Definition: An additional land transfer tax levied by the City of Toronto. 

  • Description: If your property is located within Toronto, you will be subject to the TLTT in addition to the PLTT. This municipal tax is calculated using the same purchase price entered for the PLTT.

First-Time Home Buyer Rebate

  • Definition: A rebate program designed to help first-time home buyers reduce their land transfer tax costs. 

Description: First-time home buyers may be eligible for a rebate on the land transfer tax. Check this box if you qualify, and the calculator will adjust the tax amount accordingly.

“It is not wisdom but authority
that makes a law”

Louis D. Brandeis

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