Saskatchewan Land Transfer Tax Calculator

Everything you know about land transfer tax in Saskatchewan to buy your dream house in the province. Estimate your tax amount with our below Saskatchewan land transfer tax calculator

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Table of Contents

Overview of Saskatchewan Land Transfer Tax

Saskatchewan does not charge a Land Transfer Tax. Instead, it charges a fee to register the title of the new house and a flat fee to register a mortgage or other document.

The cost to register the transfer of title is $3 for every $1000 value of the property or a 0.3% rate.

Therefore, the cost for a $400,000 property will be $1,200. [($400,000/$1,000)* $3]

Saskatchewan Land Transfer Tax Calculator

Living In Saskatchewan

The place of Medicare, Canada’s food basket and home to the only training academy for the Royal Canadian Mounted Police (RCMP) recruits, could be the right place to make a home in the country. Saskatchewan is the 7th largest province in the country, in terms of land area and the 6th largest in population, with about two people per square kilometre or five people per square mile. The province has a population of just over 1.1 million. Its largest city, Saskatoon, has a population of 300,000 and is home to one of the best universities in the country, the University of Saskatchewan. Regina’s capital city has the second largest population in the province, counting around 240,000.

You can enjoy the best of both worlds living in Saskatchewan, city living and affordable housing. The average house prices in Saskatchewan have always been at the lower end of the scale in the country. The province could be a great avenue for low-income first-timers wanting to enter the housing market. Compared to major cities in other provinces across Canada, the average house prices in Saskatchewan, two major cities, Regina and Saskatoon, are $338K and $352K, respectively.

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Brief Facts About Living In Saskatchewan

"Land of Living Skies"

Median House Price

$324,900

Average Mortgage

$248,013

Population

1,186,308

Median Household Income

$78,000

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Saskatchewan Transfer Fee Rates

The cost to register the transfer of title is $3 for every $1000 value of the property or a 0.3% rate.

Therefore, the cost for a $400,000 property will be $1,200. [($400,000/$1,000)* $3]

The province also levies a flat fee of $160 to register a new mortgage.

Property Purchase Price

Title Registration Fees

FITB Tax Rebate

Up to $500

$0

No Rebate

$501-$8,400

$25

No Rebate

Above $8,400

0.3% of property value

No Rebate

Example Calculation Of Saskatchewan Land Transfer Fee

Continuing with the example above for a $400,000.00 property.

And you’ll get a $300,000.00 mortgage to buy the property. 

Calculation

Land Title Transfer Fee Calculation

$400,000.00

Property Value (Fair Market Value)

$1,000.00

Per Unit Tally

400.00

Number of Tallys per $1000.00 property value

400.00

Number of Tallys per $1000.00 property value

$3.00

Fee Per $1K Property Value

$1,200.00

Title Transfer FeeFees Per $3.00 of Property Value

The flat fee to register the $300,000.00 mortgage in Saskatchewan is $1,600.00

Combined Fees

$1,200.00

Land Title Transfer Fee

$1,600.00

Flat Mortgage Registration Fee

$2,800.00

Total Land Transfer Fee

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