Land transfer tax calculator for London, Ontario
Enter the price to see the Ontario land transfer tax on a London home, with the first-time buyer refund applied if you qualify. London has no municipal land transfer tax, so this is the whole bill: $4,475 on a $400,000 home, $8,475 on $600,000 and $12,475 on $800,000, before any refund.
Ontario land transfer taxDue at closing
$9,475
1.46% of a $650,000 price. Paid through your lawyer on closing day, from your own funds: it cannot be added to the mortgage.
- Ontario land transfer tax
- $9,475
- Municipal land transfer tax, London
- $0 None
- First-time homebuyer refund
- Not claimed
- You pay
- $9,475
Bracket by bracket
How $650,000 is taxed
Like income tax, each rate applies only to the part of the price inside its band. The bars show the tax each band adds.
| Part of the price | Rate | Share of the tax | Tax |
|---|---|---|---|
| First $55,000 | 0.5% | $275 | |
| $55,000 to $250,000 | 1% | $1,950 | |
| $250,000 to $400,000 | 1.5% | $2,250 | |
| $400,000 to $2,000,000$250,000 of it is in this band | 2% | $5,000 | |
| Over $2,000,000 | 2.5% | Not reached | |
| Ontario total | $9,475 |
Good to know
The rules behind the numbers
Estimates for planning, not advice, a quote or an approval. Your lender, your lawyer and CMHC or your insurer confirm the final figures. Rates and rules change.
Ontario's rates on a home: 0.5% on the first $55,000, 1.0% from $55,000 to $250,000, 1.5% from $250,000 to $400,000, 2.0% from $400,000 to $2 million, and 2.5% above $2 million.
First-time buyers may get up to $4,000 back, which covers all of the tax on a home up to $368,000. The refund applies to new and resale homes.
Buying in Toronto instead? Toronto adds its own municipal land transfer tax on top; London does not.
Estimates only; your lawyer calculates and pays the final figure when the transfer is registered at closing.
Questions buyers ask us
Is there a municipal land transfer tax in London, Ontario?
No. London buyers pay the Ontario land transfer tax only.
When is land transfer tax paid?
On closing day, through your lawyer, when the transfer is registered. It is paid from your closing funds and cannot be added to your mortgage.
Who counts as a first-time homebuyer?
For Ontario's refund you must be at least 18, a Canadian citizen or permanent resident, never have owned a home (or an interest in one) anywhere in the world, and move in within nine months. If your spouse owned a home while you were together, you do not qualify. Apply within 18 months of registration; your lawyer usually claims it at closing.
What does a $500,000 home cost in land transfer tax?
$6,475 in Ontario land transfer tax. A qualifying first-time buyer gets $4,000 of that back, so pays $2,475.
Numbers are the start. We can help with the rest.
Talk to us before you shop. We can point you to local mortgage professionals, explain what a home like the one you want costs to run, and set up alerts in your price range.