In Toronto, what additional land transfer tax applies beyond the Ontario Land Transfer Tax?
Correct Answer
C) Toronto's own Municipal Land Transfer Tax at graduated rates
Since February 1, 2008 Toronto has charged its own Municipal Land Transfer Tax (MLTT) in addition to the provincial Land Transfer Tax. Its graduated brackets match Ontario's up to $3,000,000, but since April 1, 2026 homes with one or two single-family residences pay higher Toronto rates above $3,000,000, from 4.40% up to 8.60% over $20,000,000.
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- → In Ontario, what is the standard Land Transfer Tax rate for a residential property purchase of $400,000?
- → Which of the following best describes when land transfer tax is typically paid?
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