Everything you need to know about Newfoundland & Labrador land transfer tax: use our easy-to-use Newfoundland land transfer tax calculator to estimate the land transfer tax amount to buy a property in Newfoundland and Labrador.
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When you buy a property in Newfoundland, you are subject to a Land Transfer Tax called the Registration of Deeds Act.
There are separate charges for the property and the mortgage on the property (if you use a mortgage to finance the purchase or transfer of the property).
Newfoundland and Labrador, where the old world meets the new. This province is home to modern amenities, a vibrant cultural scene, and some advanced industries and technologies. Newfoundland and Labrador offer the best of both urban and rural living. Its cities are much smaller than major cities in provinces like Ontario, Quebec, British Columbia, and Alberta, offering a relaxed and natural type of living.
With a population of only 522,875, the province is more significant than many countries in land size, including New Zealand, Japan, Germany, and Great Britain. The housing market of NL is relatively stable compared to those in other provinces in the country. The average home price in this province stands at $208,388, according to the CREA August 2022 house statistics.
$281,600
$221,593
522,875
$82,540
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Property Value | Tax amount |
$500 or less | $100 |
Greater than $500 | $100 plus $0.40 for each additional $100 value or part of the $100. |
Mortgage value | Tax amount |
$500 or less | $100 |
Greater than $500 | $100 plus $0.40 for each additional $100 value or part of the $100. |
Let’s assume you want to buy a house valued at $200,000 with a mortgage loan of $150,000.
Property Value Land Transfer Tax Portion
Value In Excess Of $500
Tally Unit
Per $100 Tally
Flat Fee
Fee of Every $100 Above $500
Property Value Land Transfer Tax
Mortgage Value Transfer Tax Portion
Value In Excess Of $500
Tally Unit
Per $100 Tally
Flat Fee
Fee of Every $100 Above $500
Mortgage Loan Value Transfer Tax
Total Land Transfer Tax Amount
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