As a taxation measure granted under the City of Toronto Act,2006, Toronto City Council approved a new Municipal Land Transfer Tax effective February 1, 2008 that will be applied to purchases on all properties in the City of Toronto in addition to the Province's Land Transfer Tax.
Effective April 1, 2016 an administration fee of $75.00 will be charged for processing each MLTT transaction, visit Fees for details.
Effective March 1, 2015 The ability to apply electronically for the grandfathering exemption using Teraview statement 10011 is no longer available. For more information about the grandfathering exemption visit Rebate Opportunities.
Land Transfer Tax 'De Minimis' Partnership Exemption
The City has a close working relationship with Ontario Ministry of Finance staff since the introduction of the Municipal Land Transfer Tax (MLTT). We are currently working with the Ministry of Finance to ensure a consistent application of the recent regulatory clarifications for all applicable 'De Minimis' transactions since the February 2008 introduction of the MLTT.
Proposed Municipal Land Transfer Tax (MLTT) changes
At its meeting of December 13-15, 2016 City Council deliberated and decided that changes to the Municipal Land Transfer Tax (MLTT) rate structure and rebate structure and eligibility criteria, should be considered as part of the City's 2017 Budget process, with a proposed implementation date of March 1, 2017.