Ottawa Land Transfer Tax Calculator (Ontario)
Ontario land transfer tax rates
| Portion of the purchase price | Rate |
|---|---|
| Up to $55,000 | 0.5% |
| $55,000 to $250,000 | 1.0% |
| $250,000 to $400,000 | 1.5% |
| $400,000 to $2,000,000 | 2.0% |
| Over $2,000,000 (one or two single-family residences) | 2.5% |
First-time home buyer rebate
Eligible first-time buyers can receive a refund of up to $4,000 on the Ontario land transfer tax. The rebate fully covers the tax on a home priced up to about $368,000, and reduces the tax by $4,000 above that. Your lawyer usually applies for the rebate at closing. Check the Ontario government website for the latest eligibility rules.
Other closing costs in Ottawa
- Legal fees and disbursements
- Title insurance
- Home inspection and appraisal
- Adjustments for property taxes and utilities
- Default insurance premium if your down payment is under 20% (added to the mortgage, and Ontario provincial sales tax on the premium is paid at closing)
See the first-time buyer guide for a full list and the mortgage calculator to estimate your monthly payment.
Frequently asked questions
Does Ottawa have a municipal land transfer tax?
No. Only Toronto charges a municipal land transfer tax in Ontario. Ottawa buyers pay the provincial tax only.
When do I pay land transfer tax?
At closing. Your lawyer collects it from you and remits it to the province.
Can I add land transfer tax to my mortgage?
No. Closing costs must generally come from your own funds, in addition to your down payment.
Do I pay land transfer tax on a new build?
Yes, land transfer tax generally applies. A builder may also charge HST, and rebates may be available. Ask your lawyer.
Planning your purchase? Talk to a licensed mortgage professional
Answer a few quick questions and we will connect you with a licensed Ontario mortgage professional. It is free to use and there is no obligation.
Get matched nowImportant: Ottawa Mortgages is an independent information and referral service. We are not a lender, mortgage broker or mortgage brokerage, and we do not give mortgage advice or make credit decisions. If you ask to be connected, your details may be shared with a licensed Ontario mortgage professional, who may compensate us. Rates, rules and eligibility change often. Confirm details with a licensed professional and official sources, and check any Ontario mortgage broker’s licence with FSRA. Read our full disclosure.