Ontario Land Transfer Tax Calculator
Key Terms
Ontario LTT
A provincial tax charged by the Government of Ontario on the purchase of real estate. The amount is based on the property’s purchase price and is payable by the buyer at closing.
Toronto MLTT
An additional land transfer tax charged by the City of Toronto on top of the Ontario Land Transfer Tax. It applies only to properties located within Toronto’s city limits and is calculated using similar tax brackets to the provincial tax.
FTHB Rebates Applied
A reduction in land transfer tax available to eligible first-time home buyers. In Ontario, the rebate can be up to $4,000 off the provincial tax. In Toronto, an additional rebate of up to $4,475 may apply to the municipal tax. These rebates can significantly reduce — and in some cases eliminate — the total amount of land transfer tax owed.
Rent vs. Buy Calculator (Ontario)
Compare your projected wealth after a chosen time horizon if you buy a home versus if you rent and invest your funds.
Rent VS Buy Calculator
Make An Informed Housing Decision
How The Calculator Works
1. Enter your monthly rent and expected rent increases
2. Enter the home price, down payment, and mortgage details
3. Add in property taxes, insurance, and maintenance costs
4. See how renting versus buying compares over time
The calculator will show you whether buying builds more equity than renting—or if renting and saving the difference may leave you ahead.
Rent vs. Buy (Ontario)
Compare your projected wealth if you buy vs rent and invest.
This tool gives you an instant look at your eligibility for the first time home buyer rebates. Keep in mind that results are for informational purposes only - your exact rebate amount may depend on additional factors. For exact guidance, speak with a qualified real estate lawyer below
Why Use This Tool?
✅ Quick comparison – See the numbers in seconds
✅ Realistic – Includes costs of ownership like taxes and upkeep
✅ Smart planning – Helps you budget and prepare before making a big decision
✅ Trusted – Built by Pranzitelli Law Firm, real estate lawyers helping Ontarians every day
Things To Keep In Mind
Buying isn’t always better. If you expect to move within a few years, renting may still be the smarter option
Renting isn’t “throwing money away.” If rent is lower than ownership costs, you can invest the difference and grow your wealth another way
Buying builds equity. Over time, mortgage payments help you own more of your property, which can increase your net worth
Every situation is unique. The calculator gives you a financial snapshot, but speaking to a lawyer and financial advisor will give you the full picture
Next Steps
Use the calculator above to see how renting vs. buying compares for you
Review the results to understand whether homeownership or renting may be the smarter financial choice
Book a free consultation with Pranzitelli Law Firm.
We’ll explain the legal side of buying, confirm rebate eligibility, and guide you through closing with confidence
Whether you rent or buy, making the decision with clear numbers—and trusted legal advice—gives
FAQ's
Does the calculator include closing costs?
It focuses on ongoing housing costs. For one-time costs like land transfer tax and legal fees, try our Closing Cost Estimator Tool.
What if I’m a first-time buyer?
You may qualify for Ontario and Toronto land transfer tax rebates, which can lower your upfront costs. We’ll apply for these on your behalf at closing.
How accurate are the results?
They’re estimates. Your actual costs depend on your mortgage approval, interest rates, and personal circumstances.
Next Steps
Once you’ve used the tool and know your estimated costs:
Book a free consultation with our team at Pranzitelli Law Firm.
We’ll confirm your numbers, explain each line item in detail, and ensure your closing is smooth and stress-free.
We’ll also apply for any rebates you’re eligible for on your behalf at closing.
Buying your home is a big step—don’t leave your closing costs to guesswork. Use our estimator now and get peace of mind with Pranzitelli Law Firm.
Ontario Land Transfer Tax Calculator
Key Terms
Ontario LTT
A provincial tax charged by the Government of Ontario on the purchase of real estate. The amount is based on the property’s purchase price and is payable by the buyer at closing.
Toronto MLTT
An additional land transfer tax charged by the City of Toronto on top of the Ontario Land Transfer Tax. It applies only to properties located within Toronto’s city limits and is calculated using similar tax brackets to the provincial tax.
FTHB Rebates Applied
A reduction in land transfer tax available to eligible first-time home buyers. In Ontario, the rebate can be up to $4,000 off the provincial tax. In Toronto, an additional rebate of up to $4,475 may apply to the municipal tax. These rebates can significantly reduce — and in some cases eliminate — the total amount of land transfer tax owed.
Rent VS Buy Calculator
Make An Informed Housing Decision
Thinking about whether to rent or buy? Our Rent vs. Buy Calculator helps you compare projected growth in net worth over time—evaluating the financial trade-offs of buying a home versus renting and investing the difference.
How the Calculator Works
1. Enter your monthly rent and expected rent increases.
2. Enter the home price, down payment, and mortgage details.
3. Add in property taxes, insurance, and maintenance costs.
4. See how renting versus buying compares over time.
The calculator will show you whether buying builds more equity than renting—or if renting and saving the difference may leave you ahead.
Rent vs. Buy Calculator (Ontario)
Compare your projected wealth after a chosen time horizon if you buy a home versus if you rent and invest your funds.
Why Use This Tool?
✅ Quick comparison – See the numbers in seconds.
✅ Realistic – Includes costs of ownership like taxes and upkeep.
✅ Smart planning – Helps you budget and prepare before making a big decision.
✅ Trusted – Built by Pranzitelli Law Firm, real estate lawyers helping Ontarians every day.
Things To Keep In Mind
Buying isn’t always better. If you expect to move within a few years, renting may still be the smarter option
Renting isn’t “throwing money away.” If rent is lower than ownership costs, you can invest the difference and grow your wealth another way
Buying builds equity. Over time, mortgage payments help you own more of your property, which can increase your net worth
Every situation is unique. The calculator gives you a financial snapshot, but speaking to a lawyer and financial advisor will give you the full picture
Next Steps
Use the calculator above to see how renting vs. buying compares for you
Review the results to understand whether homeownership or renting may be the smarter financial choice
Book a free consultation with Pranzitelli Law Firm.
We’ll explain the legal side of buying, confirm rebate eligibility, and guide you through closing with confidence
Whether you rent or buy, making the decision with clear numbers—and trusted legal advice—gives you peace of mind. Start today with our Rent vs. Buy Calculator
FAQ's
What are closing costs in Ontario?
Closing costs are the additional expenses you must pay on top of the purchase price of your home. These include land transfer tax, legal fees, title insurance, and other adjustments like prepaid property taxes or condo fees.
How much should I budget for closing costs?
Most buyers should budget around 1.5%–4% of the purchase price of the property. The exact amount depends on location (Toronto vs. rest of Ontario), rebates, and the size of your mortgage.
Can I reduce my closing costs?
Yes. If you’re a first-time home buyer, you may qualify for rebates: up to $4,000 off the Ontario LTT and up to $4,475 off the Toronto MLTT. Your lawyer applies for these rebates on your behalf at closing.
We strive for Customer Satisfaction. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s needs. No matter if your case is large or small, we treat your matter with importance, integrity and hard work, your success is our satisfaction.
Contact Us
(Local | Toll Free | Email)
Local
905 - 266 - 2633
Toll Free
Email
[email protected]
Our Addresses
(Vaughan | Toronto | London)
Toronto | Mississauga | Brampton | Vaughan | Hamilton | Markham | Oakville | Burlington | Kitchener | London
This site is not legal advice. We occasionally use content and information that is prepared by AI. Including but not limited to technology from Gemini, Chat GPT, Grok, Canva, and other technologies from Open AI. Always consult with a lawyer regarding specific legal questions and advice. Give us a call at 905-266-2633 to set up a consultation
Copyright © 2025 Pranzitelli Law Firm | All rights reserved
What is Long-Term Disability (LTD) Insurance
Long-Term Disability insurance provides financial support to individuals who are unable to work for an extended period due to illness or injury. It helps cover a portion of your lost income during your recovery.
How Do I Qualify For Long-Term Disability Benefits In Ontario?
To qualify for LTD benefits, you generally need to have a medical condition that prevents you from performing the essential duties of your job. You must also meet any specific requirements outlined in your insurance policy, such as waiting periods and providing medical documentation.
What Types Of Conditions Are Covered Under Long Term Disability Insurance?
LTD insurance typically covers a wide range of medical conditions, including physical injuries, chronic illnesses, mental health disorders, and serious diseases. It's important to review your policy for specific coverage details.
How Long Can I Receive Long-Term Disability Benefits?
The duration of LTD benefits depends on your insurance policy. Some policies provide benefits until you reach a certain age (e.g., 65), while others may have a set time limit (e.g., two years). Your policy will specify the maximum benefit period.
What Should I DO If My Long-Term Disability Claim Is Denied?
If your LTD claim is denied, you have the right to appeal the decision. It's important to review the denial letter carefully, gather additional medical evidence, and consider seeking legal advice to help strengthen your case and navigate the appeals process.
We strive for Customer Satisfaction. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s needs. No matter if your case is large or small, we treat your matter with importance, integrity and hard work, your success is our satisfaction.
Contact Us
(Local | Toll Free | Email)
Local
905 - 266 - 2633
Toll Free
Email
[email protected]
Our Addresses
(Vaughan | Toronto | London)
Toronto | Mississauga | Brampton | Vaughan | Hamilton | Markham | Oakville | Burlington | Kitchener | London
This site is not legal advice. We occasionally use content and information that is prepared by AI. Including but not limited to technology from Gemini, Chat GPT, Grok, Canva, and other technologies from Open AI. Always consult with a lawyer regarding specific legal questions and advice. Give us a call at 905-266-2633 to set up a consultation
Copyright © 2025 Pranzitelli Law Firm | All rights reserved
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