Question 1

What is land transfer tax in Ontario 2026?

Accepted Answer

Ontario land transfer tax (LTT) is a provincial tax paid when buying real property. The rate is progressive: 0.5% up to $55,000; 1% from $55,001–$250,000; 1.5% from $250,001–$400,000; 2% from $400,001–$2,000,000; and 2.5% above $2,000,000. First-time buyers receive a rebate of up to $4,000.

Question 2

How much is Toronto municipal land transfer tax?

Accepted Answer

Toronto has its own municipal land transfer tax on top of the provincial tax, using similar brackets. On a $700,000 home in Toronto, the municipal LTT is approximately $10,950. First-time buyers in Toronto receive a municipal rebate of up to $4,475. Combined with the provincial rebate ($4,000), Toronto first-time buyers can save up to $8,475 in LTT rebates.

Question 3

Is there land transfer tax in Alberta?

Accepted Answer

No. Alberta does not have a land transfer tax. Instead, Alberta charges a Land Titles Transfer Fee, which is significantly lower — typically a few hundred dollars based on the property value, not a percentage like Ontario and BC.

Question 4

What is BC property transfer tax?

Accepted Answer

British Columbia's Property Transfer Tax (PTT) is 1% on the first $200,000, 2% on $200,001–$2,000,000, 3% on the portion above $2,000,000, and a further 2% on the portion over $3,000,000 for residential properties. First-time buyers may qualify for a full or partial exemption on homes priced under $500,000 (with partial exemption up to $525,000).

Question 5

Can I get a land transfer tax rebate as a first-time buyer?

Accepted Answer

Yes. In Ontario, first-time buyers receive a provincial LTT rebate of up to $4,000. Toronto first-time buyers receive an additional municipal rebate of up to $4,475. In BC, first-time buyers may be fully exempt from PTT on homes under $500,000 (rebate up to $8,000). Your lawyer applies for these rebates on your behalf at closing.

Bracket	Rate	Tax
First $55,000	0.5%	$275
$55,000 – $250,000	1.0%	$1,950
$250,000 – $400,000	1.5%	$2,250
$400,000 – $2,000,000	2.0%	$6,000

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