The purchase price is the number everyone plans for. The closing costs are the number that catches people out, and almost all of it is due the same day.
Land transfer tax from the Land Transfer Tax Act brackets and the City of Toronto MLTT schedule; our fee live from pricing.json. Disbursements are an estimate. Reviewed 28 August 2026.
Land transfer tax is the largest single line and it is exact — it comes straight from the statutory brackets, plus the Toronto municipal tax if the property is in the city, less the first-time buyer refunds if you qualify.
Our fee is flat and taxes are included. It is read live from our price list, so what you see here is what you would be quoted today.
Disbursements are the costs we pay on your behalf and pass through at cost: title insurance, title and writ searches, registration fees and couriers. This figure is an estimate — title insurance in particular moves with the property.
It excludes your deposit and down payment, which are not closing costs — they are the purchase price arriving in instalments.
It also excludes adjustments. If the seller has prepaid property tax, utilities or condominium common expenses past the closing date, you reimburse them for the unused portion. On a mid-year closing that can run to thousands, and it is settled on the statement of adjustments rather than quoted in advance.
New builds are a different exercise again: development charges, levies, Tarion enrolment and HST on the adjustments themselves all land at closing, and a builder agreement usually caps some of them and not others.
Land transfer tax, legal fees, and disbursements such as title insurance, title and writ searches and registration fees. Land transfer tax is normally the largest of these by a wide margin, and in Toronto it is charged twice — once provincially and once municipally.
No. The deposit and down payment form part of the purchase price. Closing costs are the taxes, fees and disbursements payable on top of it.
Reimbursements to the seller for anything they have prepaid beyond the closing date — property tax, utilities, condominium common expenses. They appear on the statement of adjustments and are payable on closing along with everything else.
Yes. A first-time buyer can claim a land transfer tax refund of up to $4,000 provincially, and a further $4,475 in Toronto. Both are applied by your lawyer at registration rather than claimed afterwards.
Open your file tonight — a licensed Ontario lawyer will confirm your exact Land Transfer Tax and closing costs in writing.