British Columbia Land Transfer Tax Calculator

Land transfer tax (LTT) – also known as property transfer tax – is one of the largest fees associated with the closing of your home and is often overlooked when calculating your total purchase amount. LTT is paid by homebuyers to the province when the ownership of the home or property is transferred from the seller to the buyer. 

See: Everything You Need to Know About the Land Transfer Tax

Land transfer tax calculator

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Land transfer tax rates in British Columbia

Land transfer tax rates in British Columbia are calculated based on the purchase price of your property. 

 

Home Purchase Price

Marginal Tax Rate

First $200,000

1.0%

$200,001-$2,000,000

2.0%

Over $2,000,000

3%

Over $3,000,000

+2% for residential properties (5% total)

 

British Columbia land transfer tax rebate

In British Columbia, first-time home buyers are eligible for a refund of all or part of the land transfer tax. Homes purchased for $500,000 or less will receive a full refund, while homes with a purchase price between $500,000 and $525,000 will receive a partial rebate. 

 

The newly built home exemption also reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home.

 

First-time home buyer eligibility in British Columbia

As mentioned above, first-time home buyers are eligible for a refund of all or part of the land transfer tax. Homes purchased for $500,000 or less will receive a full refund, while homes with a purchase price between $500,000 and $525,000 will receive a partial rebate.

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