Both taxes are charged in bands, so only the portion of the price inside each band is taxed at that band’s rate. Toronto adds further bands above $3,000,000. First-time buyer rebates cap at $4,000 provincially and $4,475 in Toronto.
Rates current as of —. These figures are estimates for planning, not a quote. Confirm current rates and your own eligibility with your lender, lawyer and mortgage broker.