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Get My Free Estimate →Toronto’s Municipal Land Transfer Tax brackets changed on 1 April 2026 — not 1 January — and the top marginal rate is now 8.60 per cent on the portion above $20 million, up from a previous ceiling of 7.5 per cent. Four new tiers were added above $3 million. Rates below $3 million are unchanged. The Toronto first-time buyer rebate is up to $4,475 and the Ontario refund is up to $4,000, each claimable within 18 months. Toronto also levies its own 10 per cent Municipal Non-Resident Speculation Tax on top of Ontario’s 25 per cent, effective 1 January 2025.
Toronto’s Municipal Land Transfer Tax brackets changed on 1 April 2026. Not 1 January. The City’s rate page is headed “Rates as of April 1, 2026” and the historical page confirms the previous table ran to 31 March 2026. This is the reference table, kept current.
Municipal Land Transfer Tax, from 1 April 2026
These rates apply to residential property containing at least one and not more than two single family residences. Each bracket applies only to the portion of the price falling in it.
| Portion of the purchase price | Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000.01 to $250,000 | 1.0% |
| $250,000.01 to $400,000 | 1.5% |
| $400,000.01 to $2,000,000 | 2.0% |
| $2,000,000.01 to $3,000,000 | 2.5% |
| $3,000,000.01 to $4,000,000 | 4.40% |
| $4,000,000.01 to $5,000,000 | 5.45% |
| $5,000,000.01 to $10,000,000 | 6.50% |
| $10,000,000.01 to $20,000,000 | 7.55% |
| Over $20,000,000 | 8.60% |
The top marginal rate was 7.5 per cent under the table that ran from 1 January 2024 to 31 March 2026. The change added four new tiers above $3 million and lifted the ceiling to 8.60 per cent.
All other property
| Portion of the purchase price | Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000.01 to $250,000 | 1.0% |
| $250,000.01 to $400,000 | 1.5% |
| Over $400,000 | 2.0% |
This is on top of the provincial tax
Buying in Toronto means paying land transfer tax twice: the Ontario Land Transfer Tax and the Municipal Land Transfer Tax. Both are calculated on the same consideration. Budgeting for one and forgetting the other is the single most common closing-cost error I see with buyers moving into the city from elsewhere in the GTA.
First-time buyer rebates
| Rebate | Maximum | Deadline to apply | Key conditions |
|---|---|---|---|
| Toronto MLTT rebate | $4,475 | Within 18 months of the conveyance | 18 or over; occupy as principal residence within 9 months; never owned a home or any interest in one anywhere in the world; spouse must not have owned while married to you; Canadian citizen or permanent resident. |
| Ontario LTT refund | $4,000 | Within 18 months of registration | Occupy as principal residence within 9 months; never owned an eligible home anywhere in the world; Canadian citizen or permanent resident for agreements after 14 November 2016. |
The Ontario maximum has been $4,000 since 1 January 2017 and did not change in 2026.
The tax most people have not heard of
Toronto now levies its own Municipal Non-Resident Speculation Tax at 10 per cent on certain residential purchases by foreign buyers, effective 1 January 2025. It stacks on top of Ontario’s 25 per cent Non-Resident Speculation Tax. That is a combined 35 per cent exposure on a qualifying purchase, before either land transfer tax. It is frequently missed, including by people who should know better.
The Ontario NRST, its exemptions and its rebates are covered in detail on a separate page.
A worked example
An $850,000 condominium in Toronto, single family residence, buyer is not a first-time buyer. Municipal Land Transfer Tax only:
| Portion | Rate | Tax |
|---|---|---|
| First $55,000 | 0.5% | $275.00 |
| $55,000.01 to $250,000 | 1.0% | $1,950.00 |
| $250,000.01 to $400,000 | 1.5% | $2,250.00 |
| $400,000.01 to $850,000 | 2.0% | $9,000.00 |
| Municipal total | $13,475.00 |
The Ontario Land Transfer Tax on the same purchase is calculated separately and is payable in addition. This example is arithmetic on the published brackets; confirm the final figure with your lawyer, who will also apply any rebate you qualify for.
Working out your closing costs on an Etobicoke purchase?
Land transfer tax is the largest single closing cost for most Toronto buyers and it is paid twice. Send me the price range you are working in and I will give you the full closing-cost picture, rebates included, before you write an offer.
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Frequently asked questions
When did the Toronto land transfer tax brackets change?
1 April 2026. The City’s rates page is headed “Rates as of April 1, 2026” and the historical rates page confirms the previous table applied from 1 January 2024 to 31 March 2026. Tables dated 1 January 2026 are wrong.
What is the top Toronto land transfer tax rate now?
8.60 per cent, on the portion of the price above $20 million. The previous ceiling was 7.5 per cent. Four new tiers were added between $3 million and $20 million.
Did the rates change for a typical condo purchase?
No. The brackets up to $3 million are unchanged. The 2026 change affects high-value residential property above $3 million.
Do I pay land transfer tax twice in Toronto?
Yes. The Ontario Land Transfer Tax and the Toronto Municipal Land Transfer Tax are both payable on the same consideration. Budget for both.
What are the first-time buyer rebates worth?
Up to $4,475 from the City of Toronto and up to $4,000 from Ontario. Both require you to occupy the home as your principal residence within nine months, and both must be applied for within 18 months. The Ontario maximum has been $4,000 since 1 January 2017.
What is the municipal non-resident speculation tax?
Toronto levies its own Municipal Non-Resident Speculation Tax at 10 per cent on certain residential purchases by foreign buyers, effective 1 January 2025. It is in addition to Ontario’s 25 per cent Non-Resident Speculation Tax, so the combined exposure on a qualifying purchase is 35 per cent.
Related reading
- Toronto Vacant Home Tax: the buyer can be left holding it
- Non-Resident Speculation Tax: who pays, who is exempt
- New-home HST relief: the eligibility checker
Sources
Every figure on this page traces to one of these, and each was read on 30 August 2026. Primary sources only — statute, regulation, and the government or agency that administers the rule. Where I could not verify something from a primary source, the page says so instead of guessing.
- Municipal Land Transfer Tax rates and fees. City of Toronto. Page headed “Rates as of April 1, 2026”. Accessed 30 August 2026.
- Municipal Land Transfer Tax historical rates. City of Toronto. Confirms the previous bracket table applied from 1 January 2024 to 31 March 2026. Accessed 30 August 2026.
- Municipal Land Transfer Tax rebate opportunities. City of Toronto. First-time purchaser rebate to a maximum of $4,475, claimable within 18 months of the conveyance. Accessed 30 August 2026.
- Land Transfer Tax refunds for first-time homebuyers. Ontario Ministry of Finance. Maximum refund $4,000 since 1 January 2017; apply within 18 months. Accessed 30 August 2026.
- Non-Resident Speculation Tax. Ontario Ministry of Finance. Rate of 25 per cent effective 25 October 2022, applying province-wide. Accessed 30 August 2026.
About the author — Jatin Dua, Etobicoke real estate agent
I’m the Broker of Record at RE/MAX Quantum Realty, 799 The Queensway in Etobicoke. I write these pages the same way I work a file: read the primary source, quote it, date it, and say plainly where the source is silent or where two sources disagree. If a figure on this page has no citation beside it, that is a mistake and I want to hear about it.
I work with buyers, sellers, renters and investors across Etobicoke, Mimico, Humber Bay Shores, New Toronto, Long Branch, Alderwood and Stonegate–Queensway. connect@jatindua.com or 437-987-1925.