Ontario · rates checked 2026-10-13 against the Province and the City of Toronto
The tax you pay the Province when you buy a home in Ontario, the City’s own tax on top in Toronto, and the refunds for a first home.
$12,475 on an $800,000 home outside Toronto
$24,950 on the same home in Toronto, where the City adds its own tax
Paid when the sale closes, usually through your lawyer. A reference, not legal or tax advice.
| Price | Outside Toronto | In Toronto | Toronto, first home |
|---|---|---|---|
| $400,000 | $4,475 | $8,950 | $475 |
| $600,000 | $8,475 | $16,950 | $8,475 |
| $800,000 | $12,475 | $24,950 | $16,475 |
| $1,000,000 | $16,475 | $32,950 | $24,475 |
| $1,500,000 | $26,475 | $52,950 | $44,475 |
| $2,500,000 | $48,975 | $97,950 | $89,475 |
| $4,000,000 | $86,475 | $191,950 | $183,475 |
For a home with one or two units. Toronto columns include both the Ontario and the City tax.
Each slice of the price pays its own rate, like income tax brackets. Toronto charges its tax on top of Ontario’s, on the same slices, and adds higher rates above $3,000,000.
| Part of the price | Ontario | Toronto adds |
|---|---|---|
| Up to $55,000 | 0.50% | 0.50% |
| $55,000 to $250,000 | 1.00% | 1.00% |
| $250,000 to $400,000 | 1.50% | 1.50% |
| $400,000 to $2,000,000 | 2.00% | 2.00% |
| $2,000,000 to $3,000,000 | 2.50% | 2.50% |
| $3,000,000 to $4,000,000 | 2.50% | 4.40% |
| $4,000,000 to $5,000,000 | 2.50% | 5.45% |
| $5,000,000 to $10,000,000 | 2.50% | 6.50% |
| $10,000,000 to $20,000,000 | 2.50% | 7.55% |
| Over $20,000,000 | 2.50% | 8.60% |
For land with one or two single-family homes. Anything else pays 2.00% on the part over $400,000, in both. Toronto’s rates over $3,000,000 apply from 2026-04-01.
A first-time buyer gets back up to $4,000 of the Ontario tax and, in Toronto, up to $4,475 of the City tax. That covers all of the Ontario tax on a home up to about $368,000, and all of the Toronto tax up to $400,000.
A co-buyer who has owned before reduces the refund in proportion. The full rules: Ontario · Toronto.
Foreign nationals also pay Ontario’s Non-Resident Speculation Tax, 25% of the price, anywhere in the province. In Toronto the City adds a Municipal Non-Resident Speculation Tax of 10%. Both have exemptions; check the official pages before you sign.