Land Transfer Tax Calculator
Looking to calculate your land transfer tax in Manitoba? 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.
Land transfer tax (LTT) is one of the largest fees associated with the closing of your home, often overlooked when calculating your total purchase amount. There may be several fees and closing costs related to transferring the property from seller to buyer. It would be best if you prepared to avoid any unpleasant surprises. Land Transfer Calculator will help simplify your budgeting efforts for all the costs associated with your homebuying process.
Manitoba Land transfer tax calculator
Land transfer tax rates in Manitoba
The land transfer tax (LTT) in Manitoba is calculated based on the purchase price of your property.
Manitoba Land Transfer Tax (LTT)
|Up to $30,000||0%|
|$30,001 – $90,000||0.5%|
|$90,001 – $150,000||1.0%|
|$150,001 – $200,000||1.5%|
Note: You may use our Land Transfer Calculator to estimate your required land transfer tax for Manitoba; however, the final value must be confirmed with your solicitor.
Manitoba Land Transfer Tax Rebate
Currently, Manitoba does not offer first-time home buyers land title transfer fee rebates or exemptions. Properties valued under $8,800 may be exempt from LTT fees.
Municipal Land Transfer Tax (LTT)
Winnipeg and Brandon do not have municipal land title transfer fees. As such, they also do not offer any rebates or exemptions.
Winnipeg had imposed an Impact Fee on new builds in 2017, but these were overturned and refunded by a court order in 2020. Impact fees imposed a development charge on developers and builders of $54.73 per square metre of floor area.
Manitoba & Federal Taxes, Rebates and Regulations
Please review in detail to see if these additional taxes impact you in Manitoba. We have included links to the taxes and additional links if any programs exist for rebates.
The federal government announced a measure to prohibit non-Canadians from purchasing residential property in Canada for 2 years in Budget 2022. The legislation known as the Prohibition on the Purchase of Residential Property by Non-Canadians Act was passed on June 23, 2022. This law will come into effect on January 1, 2023, for a period of two years ending on December 31, 2025.
Goods and Services Tax (GST) of 5% is payable in Manitoba on the construction or purchase of a newly constructed home. You may be able to recover some of the GST paid through the federal government’s New Housing Rebate (NHR). You may be eligible for an exemption from paying this tax if you meet certain conditions if this home is your primary residence. Conversely, if you plan to rent out the newly built home, then you may be able to claim the GST as a legitimate business expense. As well as applying to the CRA for the second type of rebate designed for real estate investors, the New Residential Rental Property Rebate (NRRPR).
Retail Sales Tax (RST) of 7% is collected in Manitoba by your solicitor on the amount of your default (high ratio) mortgage insurance. An insured mortgage is qualified as such when your down payment is less than 20%. Therefore, you will need to purchase default (high ratio) insurance. Although this insurance is added to your mortgage, the taxes (PST) on purchasing this insurance are not. Your solicitor will collect and remit the PST on behalf of the default (high ratio) insurer (CMHC, Sagen, or Canada Guaranty) upon closing. Temporarily postponed as part of COVID-19 measures.
Rural Homeownership Program is only available to renters who live in a home or want to purchase a vacant home owned by Manitoba Housing. Applicants must meet a maximum household income requirement of 63,450 – $84,600, depending on if the household has children. The loan program provides 10% of the purchase price forgiven on a pro-rata basis over five years, alongside a 15% forgivable loan after 15 years of continuous occupancy.
Manitoba Property Taxes
Property tax is a levy based on the property’s assessed value, payable to your municipality per their schedule. Assessment Services is responsible for assessing all real and personal property in the province, excluding property in the City of Winnipeg, delivered through 10 District Offices. The City of Winnipeg is responsible for property assessment services in Winnipeg.
Property taxes are calculated using values through the Manitoba Property Assessment, with Winnipeg having its separate assessment service Winnipeg Property Assessment.
Click on your municipality below for more details on tax rates, payment schedules and contact information.
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