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As a taxation measure granted under the City of Toronto Act, 2006, Toronto City Council approved the following.
Effective September 6, 2023, the City adopted item EX7.1, changing the MLTT rate structure and rebate eligibility criteria.
For property containing at least one, and not more than two, single family residences with a consideration value of:
| Value of Consideration | MLTT Rate |
|---|---|
| Up to and including $55,000.00 | 0.5% |
| $55,000.01 to $250,000.00 | 1.0% |
| $250,000.01 to $400,000.00 | 1.5% |
| $400,000.01 to $2,000,000.00 | 2.0% |
| Over $2,000,000.00 | 2.5% |
| Over $3,000,000 and up to $4,000,000 | 3.5% |
| Over $4,000,000 and up to $5,000,000 | 4.5% |
| Over $5,000,000 and up to $10,000,000 | 5.5% |
| Over $10,000,000 and up to $20,000,000 | 6.5% |
| Over $20,000,000 | 7.5% |
Continuing for all other non-single family residences with a consideration value of:
| Value of Consideration | MLTT Rate |
|---|---|
| Up to and including $55,000.00 | 0.5% |
| $55,000.01 to $250,000.00 | 1.0% |
| $250,000.01 to $400,000.00 | 1.5% |
| Over $400,000.00 | 2.0% |
March 1, 2017 to December 31, 2023 MLTT Rates
Effective January 1, 2025, the City adopted item 2024.EX11.1. MNRST will apply for non-residents (foreign buyers) on certain residential properties purchased in Toronto. MNRST applies in addition to the MLTT.
| Value of Consideration | MNRST Rate |
| Property purchase amount | 10% |
| Description | Fee $ |
|---|---|
| MLTT Administration Fee – An administration fee for processing each MLTT transaction excluding HST (HST is payable on the transaction fee). | $100.06 + HST |
| MLTT Refund Fee – An administration fee for processing each MLTT refund transaction or rebate request made after the conveyance has been electronically registered. | $215.82 |
The administration fee will not be applicable for properties that qualify for a full exemption under Section 760 (14) of the Toronto Municipal Code and nominal value MLTT transactions wherein the value of consideration (VOC) is less than $14,399.00 CDN.
March 1, 2017 to December 31, 2023 to MLTT Fees