Land Transfer Tax Calculator for Canadian Provinces
Before you finalize your home purchase, you’ll want to ensure that you’ve put enough money aside to cover items associated with closing the deal, including land transfer tax. This expense is one of the largest fees associated with closing that you must consider when budgeting.
This tax varies from province to province and can significantly impact closing costs. nesto’s Land Transfer Calculator will help you simplify your budgeting efforts by calculating the land transfer tax on your home purchase.
Land Transfer Tax Calculator
Calculators and content on this page are for general information only. nesto does not guarantee their accuracy and is not responsible for any results from their use.
What is Land Transfer Tax?
Land transfer tax is a tax that must be paid to the government when a property is purchased and the title is transferred to a new titleholder’s name.
The amount depends on the property’s value and the province (or municipality) in which it is located. Some provinces also have additional municipal land transfer taxes on top of the provincial amount.
The tax aims to generate revenue for the government and help fund public services and infrastructure projects.
The payment of land transfer tax is solely the buyer’s responsibility and cannot be included in the mortgage. Payment is arranged to the different level(s) of government through your solicitor or notary, who is completing your home purchase.
We’re curious…
Are you a first-time buyer?
How to Use a Land Transfer Tax Calculator
Using an LTT calculator is a convenient and efficient way to estimate what you will owe in land transfer taxes at closing.
The calculator will then use your province’s applicable land transfer tax rates to calculate the amount owing and consider any rebates or incentives you may be eligible for as a first-time homebuyer (FTHB). The result will be an estimate of the Land Transfer Tax (LTT) you can expect to pay.
To get started, input the following details:
- Asking Price: This is the property’s purchase price.
- Downpayment: This is the amount of your downpayment.
- Location: Select the province where the property is located. Depending on the province, you may need to select the area, as some locations require an additional municipal land transfer tax.
- First-time home buyer: Toggle yes if you are a first-time buyer to have the rebate available in your area applied to the total amount owing.
- Owner occupied: Toggle yes if you will reside in the home or no if you do not plan to reside in the home.
- New construction: Toggle yes if the home is a new build or no if it is an existing (resale) home.
How Land Transfer Tax Works for First-time Home Buyers
First-time homebuyers may be eligible for certain rebates and incentives to help reduce their land transfer tax.
These programs are designed to make homeownership more affordable for first-time buyers.
In Ontario, first-time homebuyers are eligible for a provincial rebate of up to $4,000. In addition to the provincial rebate, the City of Toronto has a first-time homebuyer rebate program that provides eligible buyers with a rebate of up to $4,475 on the municipal portion of the tax.
In British Columbia, first-time homebuyers can apply for an exemption on all or part of the property transfer tax based on the home’s purchase price.
In Prince Edward Island, first-time homebuyers can have the Real Property Transfer Tax waived.
Land Transfer Tax by Province
British Columbia Property Transfer Tax
BC has a General Property Transfer Tax that applies to the purchase price of a property. The general property transfer tax rate is
- 1% of the fair market value up to and including $200,000
- 2% of the fair market value greater than $200,000 up to and including $2,000,000
- 3% of the fair market value greater than $2,000,000
A further 2% tax is applied on properties with a fair market value greater than $3,000,000.
Foreign nationals must also pay an Additional Property Transfer Tax on the fair market value of the residential portion of the property within specified areas of BC. If the property falls within the following areas, a 20% tax rate on the fair market value will apply:
- Capital Regional District
- Fraser Valley Regional District
- Metro Vancouver Regional District
- Regional District of Central Okanagan
- Regional District of Nanaimo
The Property Transfer Tax for a $500,000 property in BC can be calculated as follows:
Property Value | Tax Rate | Calculation | Tax Amount |
---|---|---|---|
Up to and including $200,000 | 1% | $200,000 x 1% | $2,000 |
$200,000.01 up to and including $2,000,000 | 2% | $500,000 – $200,000 = $300,000 x 2% | $6,000 |
$2,000,000.01 up to and including $3,000,000 | 3% | ||
$3,000,000+ | 5% | ||
Total Property Transfer Tax Owing: | $8,000 |
Alberta Land Titles Transfer Fee
Alberta does not have a land transfer tax. Instead, they charge a Land Titles Transfer Fee on the property value and mortgage amount. The fees are
- $50 plus $5 for each $5,000 or portion of property value
And
- $50 plus $5 for each $5,000 or portion of the mortgage principal.
The Land Title Transfer Fee for a $500,000 property in Alberta, assuming a 5% ($25,000) downpayment, can be calculated as follows:
Calculation | Tax Amount | |
---|---|---|
Property Value | $50 + $500,000 / $5,000 = 100 100 x $5 = $500 | $550 |
Mortgage Principal | $50 + $500,000 – $25,000 = $475,000 $475,000 / $5,000 = 95 95 x $5 = $475 | $525 |
Total Land Titles Transfer Fee Owing: | $1,075 |
Saskatchewan Land Titles Transfer Fee
Saskatchewan does not have a land transfer tax. Instead, they charge a Land Titles Transfer Fee based on the property value. The fees are
- $0 to $500 = Free
- $500.01 to $6,300 = $25
- $6,300.01 and greater = 0.4% of the value of the title or abstract
The Land Title Transfer Fee for a $500,000 property in Saskatchewan can be calculated as follows:
Property Value | Tax Rate | Calculation | Tax Amount |
---|---|---|---|
$0 – $500 | Free | ||
$500.01 to $6,300 | $25 | ||
$6.300.01 and greater | 0.4% | $500,000 x 0.4 | $2,000 |
Total Land Titles Transfer Fee Owing: | $2,000 |
Manitoba Land Transfer Tax
Manitoba has a Land Transfer Tax that is based on the value of the property. The land transfer tax rate is
- 0% on the first $30,000
- 0.5% on the next $60,000 ($30,001 to $90,000)
- 1% on the next $60,000 ($90,001 to $150,000)
- 1.5% on the next $50,000 ($150,001 to $200,000)
- 2% on amounts in excess of $200,000
The Land Transfer Tax for a $500,000 property in Manitoba can be calculated as follows:
Property Value | Tax Rate | Calculation | Tax Amount |
---|---|---|---|
On the first $30,000 | 0% | $30,000 x 0 | $0 |
On the next $60,000 ($30,001 – $90,000) | 0.5% | $90,000 – $30,000 = $60,000 x 0.5% | $300 |
On the next $60,000 ($90,001 – $150,000) | 1% | $150,000 – ($60,000 + $30,000) = $60,000 x 1% | $600 |
On the next $50,000 ($150,001 – $200,000) | 1.5% | $200,000 – ($60,000 + $60,000 + $30,000) = $50,000 x 1.5% | $750 |
On amounts in excess of $200,000 | 2% | $500,000 – ($50,000 + $60,000 + $60,000 + $30,000) = $300,000 x 2% | $6,000 |
Total Land Transfer Tax Owing: | $7,650 |
Ontario Land Transfer Tax
Ontario has a Land Transfer Tax that is based on the purchase price of the property. The land transfer tax rate is
- 0.5% on amounts up to and including $55,000
- 1% on amounts exceeding $55,000 up to and including $250,000
- 1.5% on amounts exceeding $250,000 up to and including $400,000
- 2% on amounts exceeding $400,000 up to and including $2,000,000
- 2.5% on amounts exceeding $2,000,000
The Land Transfer Tax for a $500,000 property in Ontario can be calculated as follows:
Property Value | Tax Rate | Calculation | Tax Amount |
---|---|---|---|
Up to and including $55,000 | 0.5% | $55,000 x 0.5% | $275 |
55,000.01, up to and including $250,000 | 1% | $250,000 – $55,000 = $195,000 x 1% | $1,950 |
$250,000.01 up to and including $400,000 | 1.5% | $400,000 – $250,000 = $150,000 x 1.5% | $2,250 |
$400,000.01 up to and including $2,000,000 | 2% | $500,000 – ($55,000 + $195,000+ $150,000) = $100,000 x 2% | $2,000 |
$2,000,000.01 + | 2.5% | ||
Total Land Transfer Tax Owing: | $6,475 |
Toronto Land Transfer Tax
In addition to the provincial land transfer tax, anyone purchasing property in Toronto will be subject to an additional Municipal Land Transfer Tax. The municipal tax mirrors the provincial tax structure, meaning you will pay double land transfer taxes if purchasing property in the Toronto area.
Quebec Welcome Tax
Quebec charges a Property Transfer Duties Tax, also known as the Welcome Tax.
Each municipality collects the duties rather than the province, and they can set rates higher than 1.5% but not higher than 3% (except in Montreal) on any bracket over $500,000.
The tiers are adjusted annually by the provincial government based on Québec’s annualized consumer price index (CPI). The welcome tax rate is calculated as
- 0.5% on amounts up to $55,200
- 1% on amounts exceeding $55,200 up to $276,000
- 1.5% on amounts that exceed $276,000
The Welcome Tax for a $500,000 property in Quebec (outside of Montréal) can be calculated as follows:
Property Value | Tax Rate | Calculation | Tax Amount |
---|---|---|---|
Up to $55,200 | 0.5% | $55,200 x 0.5% | $276 |
$55,200.01 to $276,200 | 1% | $276,200 – $55,200 = $221,000 x 1% | $2,210 |
$276,200.01 + | 1.5% | $500,000 – ($221,000 + $55,200) = $223,800 x 1.5% | $3,357 |
Total Welcome Tax Owing: | $5,843 |
Montreal Welcome Tax
Montreal has additional tax brackets that change each year. For this year, they are as follows:
- 0.5% up to $55,200
- 1% on amounts between $55,200 – $276,200
- 1.5% on amounts between $276,200 – $552,300
- 2% on amounts between $552,300 – $1,104,700
- 2.5% on amounts between $1,104,700 – $2,136,500
- 3.5% on amounts between $2,136,500 – $3,113,000
- 4% on amounts higher than $3,113,000
New Brunswick Transfer Tax
New Brunswick has a Transfer Tax that is a flat rate of 1% of the purchase price or assessment value, whichever is greater.
The Transfer Tax for a $500,000 property in New Brunswick can be calculated as follows:
Tax Rate | Calculation | Tax Amount |
---|---|---|
1% | $500,000 x 1% | $5,000 |
Total Transfer Tax Owing: | $5,000 |
Newfoundland and Labrador Registration of Deeds Prescribed Fees
NL charges a fee to register the deed, which is $100 plus an additional $0.40 for every $100 in value over $500. There is also an additional fee with the same structure as the deed registration fee owed for registering the mortgage.
The Registration of Deeds Prescribed Fees for a $500,000 property in Newfoundland, assuming a 5% ($25,000) downpayment, can be calculated as follows:
Calculation | Tax Amount | |
---|---|---|
Property Value | $100 + $500,000 – $500 = $499,500 / 100 = 4,995 x $0.40 = $1,998 | $2,098 |
Mortgage Principal | $100 + $500,000 – $25,000 = $475,000 – $500 = $474,500 / 100 = 4,745 x $0.40 = $1,898 | $1,998 |
Total Fees Owing: | $3,996 |
Prince Edward Island Real Property Transfer Tax
PEI charges a Real Property Transfer Tax that is a flat fee based on 1% of the greater of the purchase price of the real property or the assessed value of the real property.
The Real Property Transfer Tax for a $500,000 property in PEI can be calculated as follows:
Tax Rate | Calculation | Tax Amount |
---|---|---|
1% | $500,000 x 1% | $5,000 |
Total Real Property Transfer Tax Owing: | $5,000 |
Yukon Land Titles Fees
The Yukon has a Land Titles Fee which charges 3 separate fees based on a flat rate structure. The assurance fund fee is $20 on the first $10,000 plus $10 for each additional $10,000 or portion of declared value. The property value fees are
- $50 + assurance fund fee for properties valued less than $100,000
- $150 + assurance fund fee for properties valued at $100,000 to less than $500,000
- $350 + assurance fund fee for properties valued at $500,000 to less than $3,000,000
- $550 + assurance fund fee for properties valued at $3,000,000 to less than $10,000,000
- $750 + assurance fund fee for properties valued at $10,000,000 or greater
The mortgage amount fees are
- $50 for mortgages of less than $100,000
- $100 for mortgages of $100,000 to less than $500,000
- $200 for mortgages of $500,000 to less than $1,000,000
- $400 for mortgages of $1,000,000 to less than $5,000,000
- $600 for mortgages of $5,000,000 to less than $10,000,000
- $800 for mortgages of $10,000,000 to less than $20,000,000
- $1,000 for mortgages of $20,000,000 or greater
The Land Titles Fees for a $500,000 property in the Yukon, assuming a 5% ($25,000) downpayment, can be calculated as follows:
Calculation | Tax Amount | |
---|---|---|
Assurance Fund Fee | $20 + ($500,000 – $10,000 = $490,000 / $10,000 = 49 x $10 = $490 | $510 |
Property Value | $350 | $350 |
Mortgage Principal | $100 | $100 |
Total Fees Owing: | $960 |
Northwest Territories Land Titles Fees
NWT charges Land Titles Fees on the property value and the mortgage amount. The property value fees are
- $2 for each $1,000 of value when the property is less than or equal to $1,000,000 (minimum $100)
- $2,000 + $1.50 for each $1,000 of value over $1,000,000 when the property is valued over $1,000,000
The mortgage value fees are
- $1.50 for each $1,000 or part thereof of the amount secured by the mortgage (minimum $80)
The Land Titles Fees for a $500,000 property in the NWT, assuming a 5% ($25,000) downpayment, can be calculated as follows:
Calculation | Tax Amount | |
---|---|---|
Property Value | $500,000 / $1,000 = 500 x $2 | $1,000 |
Mortgage Principal | $500,000 – $25,000 = $475,000 / $1,000 = 475 x $1.50 | $712.50 |
Total Fees Owing: | $1,712.50 |
Nunavut Land Titles Tariffs
Nunavut charges Land Titles Tariffs based on the property value and the mortgage amount. The property value fees are
- $1,50 for each $1,000 of value when the property is less than or equal to $1,000,000 (minimum $60)
- ● $1.50 for each $1,000 of value up to $1,000,000 and $1 for each $1000 of value after that for properties valued at great than $1,000,000
The mortgage value fees are
- $1 for each $1,000 of the principal amount (minimum $40)
The Land Titles Tariffs for a $500,000 property in Nunavut, assuming a 5% ($25,000) downpayment, can be calculated as follows:
Calculation | Tax Amount | |
---|---|---|
Property Value | $500,000 / $1,000 = 500 x $1 | $500 |
Mortgage Principal | $500,000 – $25,000 = $475,000 / $1,000 = 475 x $1 | $475 |
Total Fees Owing: | $975 |
Other Land Transfer Tax Rebates by Province
Additional rebates, incentives and grants may be available to help offset some of the land transfer taxes paid, depending on the province.
The chart below outlines the rebates available if you meet the eligibility criteria.
Province/Territory | LTT Rebates Available |
---|---|
BC | Newly Built Home Exemption – Reduces or eliminates the PTT when you purchase a qualifying newly built home. PTT exemption for First Nations |
QC | Home Purchase Assistance Program – Provides financial assistance or a refund between $5,000 to $15,000 to first-time and experienced buyers with some restrictions. |
NS | PDTT exemptions apply if you can provide proof of residence within 6 months of purchase, proving you reside in Nova Scotia. |
PEI | RPTT Exemptions – Additional tax exemptions may apply if you are not a first-time buyer and meet the other eligibility criteria. |
Along with all the land transfer taxes and fees that apply to your purchase based on your province or territory – a further Harmonized Sales Tax (HST) or Goods & Services Tax (GST) will also apply if you purchase a newly constructed home that was not previously owned. You may qualify for a partial rebate on the federal (GST) portion, with an additional rebate through the province on the provincial portion of the HST where the property is located.
Canada Rebates, Incentives and Grants
The Government of Canada provides various rebates, incentives and grants in conjunction with the provinces and territories. Canada Housing and Mortgage Corporation (CMHC) has outlined these programs on its website.
- The First-Time Home Buyers Tax Credit (HTBC) offers a $10,000 non-refundable income tax credit on a qualifying home acquired during the year. The credit will provide up to $1,500 in federal tax relief for an eligible individual.
- The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $60,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or a related person with a disability.
- GST/HST New Housing Rebate provides a refund on the part of the GST or HST that you paid on the purchase price or cost of building your new house, on the cost of substantially renovating or building a major addition to your existing house, or on converting a non-residential property into a house.
- The Canada Greener Homes Loan can help Canadian homeowners across the country improve the energy efficiency of their homes and reduce their energy bills. Eligible homeowners can receive a loan to make energy-efficient retrofits to their homes.
Frequently Asked Questions
Does everyone in Canada have to pay land transfer tax?
Not everyone will be required to pay a land transfer tax as it varies depending on the province and, in some cases, the municipality where the property is located. There are also exemptions in some provinces and municipalities that would waive the land transfer tax if you meet the eligibility criteria.
How do I claim rebates and refunds?
To claim land transfer tax rebates and refunds, your real estate lawyer or notary will complete tax forms for your specific applicable claim in the province.
How long do I have to claim a rebate or refund?
The length of time you have to claim a rebate or refund will depend on the province where the subject property is located. It’s recommended that you check with your real estate professional to prepare for any closing costs and deadlines.
What is a non-resident speculation tax?
A non-resident speculation tax (NRST) is a tax payable by non-residents, meaning those who are not Canadian citizens or permanent residents, when buying a home in Ontario and British Columbia.
Why Choose nesto
At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are non-commissioned salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and advice quality. nesto aims to transform the mortgage industry by providing honest advice and competitive rates using a 100% fully digital, transparent, seamless process.
nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.
Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.