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As a taxation measure granted under the City of Toronto Act, 2006, Toronto City Council approved:
Effective March 1, 2017, the City adopted item EX22.2, changing the MLTT rate structure and rebate eligibility criteria.
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% |
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% |
Description | Fee $ |
---|---|
MLTT Administration Fee – An administration fee for processing each MLTT transaction excluding HST (HST is payable on the transaction fee). | $79.50 + HST |
MLTT Refund Fee – An administration fee for processing each MLTT refund transaction or rebate request made after the conveyance has been electronically registered. | $171.48 |
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.