When you a buy a house, condo or land in Toronto you are subject to land transfer tax which is due upon closing. The cost of your land transfer tax (LTT) is a percentage of your home’s value, calculated using the property’s purchase price. Buyers of real estate in Toronto must pay both the provincial land transfer tax and municipal land transfer tax. For first-time homebuyers, there is a one-time refund of up to $8,475. Use our calculator to determine your applicable land transfer tax.