Calculators
Cottage calculators
Estimate the monthly cost of owning a cottage and the Ontario land transfer tax on your purchase.
Monthly cost of a cottage
Estimated mortgage payment—
Total monthly cost of ownership—
Ontario land transfer tax
Estimated land transfer tax—
Cottage country is outside Toronto, so only the provincial tax applies. The first-time buyer refund needs the property to become your principal residence, so it rarely applies to a cottage.
Rental income offset
Net rental income per year, before tax—
Many townships license or limit short-term rentals. Read Renting out your cottage before you count on this number.
Estimates only, for residential properties. The numbers shown are starting points for you to edit, not quotes. Rates, rebates and mortgage insurance rules change, so confirm exact figures with your lawyer and lender.
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