Land Transfer Tax Calculator
| Provincial LTT | $0 |
|---|---|
| Toronto municipal LTT | $0 |
| Total before rebate | $0 |
| First-time buyer rebate | −$0 |
| Net payable | $0 |
Show bracket breakdown
Estimates only — not legal, tax, or financial advice.
Confirm exact figures with your lawyer or lender before relying on this for a transaction. Land transfer tax rules, rebate eligibility, and luxury brackets can change; this tool reflects rates published for 2026.
Mortgage Penalty Calculator
Breaking a closed mortgage early usually triggers a prepayment penalty — normally the greater of three months' interest or the Interest Rate Differential (IRD).
| Three months' interest | $0 |
|---|---|
| Interest Rate Differential (IRD) | $0 |
Show how this is calculated
Big 6 bank vs. monoline lender — this can change your penalty by thousands
The IRD estimate above uses your contract (discounted) rate — the method monoline lenders (e.g. MCAP, First National) typically use. It usually produces the lower penalty.
Big 6 banks (RBC, TD, Scotiabank, BMO, CIBC, National Bank) typically use a posted-rate method instead. Because you likely signed at a discount off the posted rate, comparing posted rates widens the gap and usually produces a higher penalty.
If your lender is a Big 6 bank, treat this IRD figure as a floor and confirm the exact amount with your lender.
Estimates only — not mortgage, legal, or financial advice.
5-year cap: If your mortgage was originally a term longer than 5 years and you're past the 5-year mark, federal law (Interest Act, s.10) caps your penalty at 3 months' interest regardless of this calculation — confirm with your lender.
Actual lender methodology varies, and your real penalty may differ. Confirm the exact figure with your lender before relying on this for a decision. This tool uses the simplified method published by the Financial Consumer Agency of Canada.
Looking for a GTA Real Estate Agent?
This section is provided by Jessie Viray, a licensed Ontario real estate professional. If you're buying or selling in the Greater Toronto Area, you're welcome to get in touch directly.
Jessie Viray
Sales Representative
Right At Home Realty Inc., Brokerage
- Mobile 416-823-5067
- Office 905-565-9200
- Address 480 Eglinton Ave. West, Unit 30, Mississauga, ON, L5R 0G2
- Email jessie.homesell@gmail.com
- Web www.jessieviray.ca
Advertise With Us
Interested in featuring your business on gtaclosingcosts.ca? Contact us for current rates and availability.
About our Featured Partner listings
Businesses marked Featured Partner have paid Fieldstone Digital a flat subscription fee for placement on this site. This is paid advertising, not a personal recommendation or an evaluation of quality — we encourage you to do your own research before choosing any professional.