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Municipal (Toronto) Land Transfer Tax (MLTT) Rates and Fees
On September 6, 2023, City Council approved graduated Municipal Land Transfer Tax (MLTT) rates (opens in new window) with additional thresholds for high value residential properties containing at least one, and not more than two, single family residences. New MLTT rates are effective for all transactions registered or upon which Municipal Land Transfer Tax otherwise becomes payable on or after January 1, 2024. [Click Here For More Information]
Municipal (Toronto) Land Transfer Tax Rates - Before Jan 1, 2024
Effective March 1, 2017, the City adopted item EX22.2, changing the MLTT rate structure and rebate eligibility criteria.
For all conveyances and unregistered dispositions of beneficial interest in land made on or after March 1, 2017
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% |
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% |
Municipal (Toronto) Land Transfer Tax Rates - On/After Jan 1, 2024
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:
| Current Thresholds and MLTT Rates | |
|---|---|
| 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% |
| Additional thresholds and rates effective as of January 1, 2024. | |
| 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% |
Municipal (Toronto) Fees - Not Included in The Above Calculator
| Description | Fee $ |
|---|---|
| MLTT Administration Fee – An administration fee for processing each MLTT transaction excluding HST (HST is payable on the transaction fee). | $86.78 + HST |
| MLTT Refund Fee – An administration fee for processing each MLTT refund transaction or rebate request made after the conveyance has been electronically registered. | $187.17 |
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.
Provincial (Ontario) Land Transfer Tax Rates and Fees
Provincial (Ontario) land transfer tax is payable on every conveyance of land tendered for registration and every unregistered disposition of a beneficial interest in land, unless specifically exempt under the Act or regulations.
The definition of land as defined in subsection 1(1) of the Act is broad and includes lands, buildings, structures, structures to be constructed, fixtures and any interest in these.
Land transfer tax is calculated on the value of the consideration as defined in subsection 1(1) of the Act. It includes the purchase price, liabilities assumed, benefits conferred, soft costs and the cost of upgrades. In some instances, the value of the consideration is deemed to be the fair market value of the land. For example, leases with terms that can exceed fifty years and certain transfers between corporations and shareholders.
For the definitions of value of the consideration and land, please see Definitions or the Act. [Click Here for More Information]
Provincial (Ontario) Land Transfer Tax Rates - Before and After Jan 1, 2024
Effective January 1, 2017, the tax rates for land transfer tax will depend on the date of the agreement of purchase and sale.
If an agreement of purchase and sale is entered into after November 14, 2016, and registration or the disposition occurs on or after January 1, 2017, the tax rates on the value of the consideration are as follows:
- amounts up to and including $55,000: 0.5%
- amounts exceeding $55,000, up to and including $250,000: 1.0%
- amounts exceeding $250,000, up to and including $400,000: 1.5%
- amounts exceeding $400,000: 2.0%
- amounts exceeding $2,000,000, where the land contains one or two single family residences: 2.5%.
For the definition of single family residence, see Definitions or the Act. For the purposes of the Act, single family residences include cottages, cabins and other similar structures that are designed for occupation as the residence of a family, whether or not that family has a residence elsewhere and whether or not the structure is habitable for only part of the year. The zoning designation of the land is irrelevant for establishing whether a structure is a single family residence. Single family residences do not include a residence on agricultural land that is eligible to be classified in the farm property class prescribed by the Assessment Act.
Additional Notes
Please note that the above calculator is for illustrative purposes only. Revised land transfer tax rates are subject to implementation by the City of Toronto on January 1, 2024. Please verify details with your lawyer who will be responsible for final calculation and collecting and remitting Land Transfer Taxes to the province and city.
