Land transfer tax Step 1 of 3
What's the purchase price?
Are you a first-time buyer?
You, and your spouse, have never owned a home anywhere in the world.
Budgeting for closing day?
Land transfer tax is only part of it. Tell us your price and we'll send the full list of closing costs, and check which rebates you qualify for.
Or call or text 519-670-3027Thanks, we're on it
Mackenzie will be in touch shortly, usually within the hour. Need it sooner? Call or text 519-670-3027.
Estimate only, based on current Ontario rates for a single-family home. London charges no municipal land transfer tax. Your lawyer confirms the final figure.
The rules behind the number
- 1Ontario rates
0.5% up to $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000 and 2.5% above. Each rate only applies to the portion in that band.
- 2First-time buyer rebate
Eligible first-time buyers get up to $4,000 back, which covers the full tax on a home up to $368,000. Your lawyer claims it on closing.
- 3No London city tax
Toronto charges a second, municipal land transfer tax. London and St. Thomas don't, so what you see here is the whole amount.
Questions people ask
On closing day. Your lawyer collects it with the rest of your closing funds and pays it when the deed is registered.
You must be at least 18, a Canadian citizen or permanent resident, never have owned a home anywhere, and live in the home within nine months. If your spouse owned a home while you were together, the rebate doesn't apply.
No. It has to be paid in cash on closing, so it belongs in your savings plan along with your down payment.
Legal fees, title insurance, a home inspection, adjustments for prepaid taxes and utilities, and moving. Plan on about 1.5% of the price on top of land transfer tax.
Yes, the same rates apply. New builds can also carry HST and development charges, so ask us to check the agreement before you sign.