Everything you know about Yukon land transfer tax to buy your dream house in the territory. Estimate your tax amount with our below Yukon land transfer tax calculator.
Yukon has three separate fees when property ownership is transferred. These fees are:
Assurance Fee
Title Transfer fee
Mortgage Value Fee
Yukon Land Transfer Tax Calculator
Living In Yukon
Yukon is full of diverse landscapes and breathtaking views. The cold weather in the winter months is ideal for those who enjoy skiing, skating, and other outdoor activities. Like other provinces and territories in Canada, Yukon has abundant culture and history. The impact of its numerous heritage sites and museums is visible within the province.
Brief Facts About Living In Yukon
"The Klondike"
Median House Price
$519,000
Average Mortgage
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Population
42,586
Median Household Income
$84,521
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An assurance fee is charged on the additional value of the purchase price above the property’s actual value. The fee scale is:
$20 for: First $10,000 of additional declared value.
$10 for: Each additional $10,000 onwards of additional declared value.
For example, if you buy a property for $150,000, which has an actual value of $120,000, you will be charged the extra $30,000, the added value over the property’s true value as follows.
$20 for: First $10,000 of additional declared value.
$20 for the other $20,000 additional declared value.
An appraisal of the property can help determine the actual value of the property. This assurance fee helps curb overbidding on properties.
Fee #2: Title Transfer Fee
When you take ownership or buy a property in Yukon, you will pay a flat title transfer fee. Yukon applies a sliding fee. The fee is dependent on the purchase price of the property.
The table below outlines the purchase price brackets and their applicable flat fees.
Property value
Flat Fee
Up to $100,000
$50
$100,000 to $499,999
$150
$500,000 to $2,999,999
$350
$3,000,000 to $9,999,999
$550
$10,000,000 and over
$750
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