Effective January 1, 2025, the new Municipal Non-Resident Speculation Tax(MNRST) of 10 per cent will apply for foreign buyers on the full purchase price of certain residential properties in Toronto. The City does not have a grandfathering provision for the MNRST on Agreements of Purchase and Sale executed prior to January 1, 2025. This tax is in addition to the Municipal Land Transfer Tax.

 

Buying a home or property? Take the guesswork out of Toronto taxes with the Municipal Land Transfer Tax (MLTT) and Municipal Non-Resident Speculation Tax (MNRST) calculator. Get tax estimates instantly to help plan and budget for your next move.

Input the cost of the property to receive an instant estimate. The MLTT calculator provides an estimate for first-time buyers, single family homes and all other properties, as well as MNRST estimates on residential properties purchased by non-residents (foreign buyers).

Please note this calculator is an estimation tool only. When a property transaction is registered by a lawyer, the MLTT/MNRST will be calculated and paid as part of real estate closing costs. Speak with your real estate lawyer for more advice on this matter.

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