Understanding the Land Transfer Tax in Ontario Purchasing real estate in Ontario entails a series of legal and financial obligations beyond the sale price of the property itself. One of the most significant closing costs is the Land Transfer Tax (LTT), a provincially mandated tax payable by the buyer upon the transfer of legal ownership of a property. Whether acquiring a detached home, condominium, or pre-construction unit, understanding the structure and implications of the LTT is... [read more]