Ontario Land Transfer Tax
Want to learn more about Ontario Land Transfer Tax? Visit the Ontario Ministry of Finance Website
Who pays land transfer tax?
When you acquire a property or land, you pay land transfer tax to the province when the transaction closes.
Land transfer tax is normally based on the amount paid for the land, in addition to the amount remaining on
any mortgage or debt assumed as part of the arrangement to buy the land.
First Time Home Buyers
If you are a first-time homebuyer, you may be eligible for a refund of all or part of the land transfer
tax.
Read: Land transfer tax
refund for first-time homebuyers
HST Housing rebates
Generally speaking, sales of new homes are subject to HST; however, you may qualify for a rebate for some of
the tax you paid if you meet certain requirements.
Learn more about the GST/HST housing rebates that may be available to you.
Now for Resale Homes, generally speaking they are not subject to HST, but may under certain circumstances it
could be. To be safe, it is always best to double check with a professional.
Land registration
Before the sale closes, you’re required to pay to register your property’s title under your name. This may
be called a “land transfer tax,” a “deed registration fee,” a “tariff” or a “property purchases tax.”
The cost is a percentage of the home’s purchase price; for example, if your land transfer tax is 1.5% and
your home cost $300,000, you’ll pay $4,500.
