The Best Land Transfer Tax Calculators In Canada

Estimate your land transfer tax amount and first-time buyer tax credit for your city, province and region in Canada using the right land transfer calculator below.

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Overview Of Land Transfer Tax Calculators In Canada

Land Transfer tax cost is often overlooked when planning to buy a new house. It can be a pretty hefty amount, especially for high-value properties. This tax is calculated as a percentage of the purchase or transfer value of the real estate property. In Canada, land transfer taxes are levied by the provincial and municipal governments.

This land transfer tax guide covers this tax, the rate in each province, territory, and municipality within Canada, the possible rebates and how to qualify for them.

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What Is A Land Transfer Tax?

Land Transfer tax (LLT) is a mandatory government tax (provincial or municipal) levied when property ownership is transferred to a buyer. The land transfer tax is generally levied when you purchase or gain an interest in a property registered at the Land Title Office.

By law, you or your legal professional must file a land transfer tax return and pay a land transfer tax unless you qualify for an exemption.

You, the buyer or new owner of the property, pay this tax.

Land transfer tax is calculated as a percentage of the purchase or transfer price of the property. This tax can be pretty high, especially for high-value properties.

This cost is often overlooked when planning to buy a new house. The focus is more on the down payment. Unless you qualify for a full exemption, there is no way you can avoid paying this tax. It is an upfront cost, which has to be paid on the day of closing.

Land transfer tax is a one-time provincial tax only paid when a property changes hands (i.e., title is transferred). Taxable transactions include:

Land Transfer Tax Calculator By Provinces

Each province and municipal body (in Toronto and Montreal, where municipal tax rates are also applied) sets its land transfer tax rates and property value brackets. We have outlined the tax rates and property value brackets for Canada’s provinces, territories, and municipalities.

Ontario Land Transfer Tax

You are subject to a provincial and possible municipal land transfer tax when you buy or take an ownership stake in Ontario.

Quebec Land Transfer Tax

You are subject to a provincial and possible municipal land transfer tax when you buy or take an ownership stake in Quebec.

British Columbia (BC) Land Transfer Tax

You will be levied a Land transfer tax when you take title ownership or buy a property in BC.

Alberta Land Transfer Tax

Alberta does not have a Land Transfer Tax. Instead, it charges a Land Registration Fee and a Mortgage Registration Fee.

Saskatchewan Land Transfer Tax

The Saskatchewan government charges separate fees to register the property title and the mortgage Loan

Manitoba Land Transfer Tax

Manitoba uses a sliding scale based on declared fair market value or transferred the property purchase price to assess and calculate Land transfer tax amount

Land Transfer Tax in Prince Edward Island

PEI Land Transfer Tax applies to several categories, including physical land, installation, and machinery

Nova Scotia Land Transfer Tax

When you buy a property in Nova Scotia, you are subject to a Land Transfer Tax or a Deed Transfer Tax (DTT).

New Brunswick Real Property Transfer Tax

In New Brunswick, the Land Transfer Tax is currently 1.0% of the property’s purchase price

Yukon Land Transfer Tax

Yukon charges a sliding scale Land Transfer Fee based on the purchase price and the mortgage amount on the property.

Newfoundland Land Transfer Tax Rate

When you buy a property in Newfoundland, you are subject to a Land Transfer Tax called the Registration of Deeds Act

Northwest Territories Land Transfer Tax

You are subject to a Land Transfer Tax when you buy or take ownership of a property in the Northwest Territories.

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How To Estimate Your Land Transfer Tax Amount

Your land transfer tax is a percentage of the property’s value. The LLT rate varies by province and municipality (Toronto and Montreal).

We recommend you budget 1-2% of the property value to cover the land transfer tax. This amount should be included in your budget when planning to buy a house.

Use the land transfer calculator above to find the amount of your land transfer tax. The result is based on location and the value of the property.

How To Use Land Transfer Tax Calculators

Use approvU Land Transfer Tax Calculators to get the correct amount of land transfer tax you will pay. Land transfer taxes are generally based on the property’s purchase price or fair market value, and sometimes, the balance of any mortgage or debt is assumed as part of the arrangement to buy the land.

The following scenarios outline when the property’s fair market value is used to calculate the transfer tax.

The land is transferred to a corporation and requires the issuance of the corporation shares.
The property is transferred from a corporation (with no monetary exchange) to one of its shareholders.
The transfer is a lease property with a remaining term of more than 50 years.

Enter the province or city where the property is located, check whether you are a first home buyer, and enter the property’s value. The calculator does its magic to give you the amount you should expect to pay.

It is a good planning tool to avoid surprises on the closing day when buying your new home.

First Time Homebuyer Land Transfer Rebate Programs

Most provinces and municipalities in Canada offer a land transfer tax rebate program for eligible first-time homebuyers.

If you qualify for the first-time homebuyer land transfer tax rebate program, you can see a reduction or complete elimination of your land transfer tax amount in most Canadian provinces and territories.

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Ontario First-time Homebuyer Land Transfer Tax Refund

First-time homebuyers buying a property in Ontario can qualify for a tax rebate of up to $4,000. First-time homebuyers who purchase a property for $368,333 or less will be rebated the full amount of the Ontario Land Transfer Tax ($4,000 value).

Ontario Tax Refund Eligibility Criteria

You must be a Canadian citizen.
You must be at least 18 years of age.
The house must be your principal residence.
You must occupy the home nine months from the date of the transfer to you.
Before this new property tax, you must not have owned or had an interest in a real estate property anywhere in the world.
Your spouse cannot have owned a property anywhere in the world while being married to you.

The maximum amount of refund you can get in Ontario is $4,000. Given the Ontario purchase price bracket, a qualifying first-time homebuyer’s maximum rebate of $4,000.00 will cover the full house price up to $368,000. But if the property’s house price or fair market value is over $368,000, you will receive the full maximum refund of $4,000 and will have to pay any charge above the $4,000.00.

Toronto First-Time Homebuyer Land Transfer Tax Rebate

First-time homebuyers buying a property in Toronto are now eligible for a land transfer tax refund of up to $4,475.

Toronto Tax Refund Eligibility Criteria

You must be a Canadian citizen or permanent resident within 18 months of the transfer.
You must be at least 18 years of age.
The house must be your principal residence.
You must occupy the home nine months from the date of the transfer to you.
Prior to this new property tax, you must not have owned or had an interest in a real estate property anywhere in the world.
Your spouse cannot have owned a property anywhere in the world while being married to you.

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British Columbia Land Transfer Tax Rebate

The BC government offers many types of Land Transfer Tax rebates and exemptions. You can qualify for most of these exemptions if you buy or take an ownership interest in a property located in BC.

If you’re purchasing your first home in BC, you may qualify to reduce or eliminate the amount of land transfer tax you pay.

You can still qualify for this exemption even if your co-borrower is not eligible. For example, if you acquired 70% interest in the property and another person acquired 30% interest but only you meet the qualifications, only your 70% would receive the exemption.

First-Time Home Buyer Eligibility In British Columbia

You qualify as a first-time homebuyer in British Columbia if:

You are either a Canadian Citizen or a Permanent Residence.
You have either:
- Lived in BC for at least a year immediately before the date you registered the property.
- Filed at least two income tax returns as a BC resident in the past six taxation years immediately before the registration date.
You have never owned a registered interest in a property that was your principal residence anywhere in the world at any time.
You have never owned a property anywhere in the world.
You have never received a first-time Land Transfer Tax refund or exemption.

To qualify for a full refund, the property must:

Be located in BC.
Only be used as your principal residence.
Have a fair market value of $500,000 maximum.
Have a land size less than or equal to 0.5 hectares (1.24 acres).

You may only qualify for a partial refund if:

The property’s fair market value is between $500,000.01 and $525,000.
The land size is more significant than 0.5 hectares (1.24 acres).
There is another building on the property other than your principal residence.

Prince Edward Island (PEI) Land Transfer Tax Rebate

PEI provides Land Transfer Tax exemptions for first-time homebuyers buying a property of $200,000 or less if it will be their principal residence.

Prince Edward Island (PEI) Land Transfer Tax Rebate Eligibility

You are a Canadian citizen or a permanent resident and:
- You have lived in PEI for the past six months before the transfer
- You have filed income tax returns in PEI at least two times in the past six years
For more than one buyer, all must be first-time home buyers.

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The Best Land Transfer Tax Calculators In Canada

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Overview Of Land Transfer Tax Calculators In Canada

Shop Across 25+ Lenders For Your Best Mortgage Deals

What Is A Land Transfer Tax?

Land Transfer Tax Calculator By Provinces

Ontario Land Transfer Tax

Quebec Land Transfer Tax

British Columbia (BC) Land Transfer Tax

Alberta Land Transfer Tax

Saskatchewan Land Transfer Tax

Manitoba Land Transfer Tax

Land Transfer Tax in Prince Edward Island

Nova Scotia Land Transfer Tax

New Brunswick Real Property Transfer Tax

Yukon Land Transfer Tax

Newfoundland Land Transfer Tax Rate

Northwest Territories Land Transfer Tax

Shop Across 25+ Lenders For Your Best Mortgage Deals

How To Estimate Your Land Transfer Tax Amount

How To Use Land Transfer Tax Calculators

First Time Homebuyer Land Transfer Rebate Programs

Shop Across 25+ Lenders For Your Best Mortgage Deals

Ontario First-time Homebuyer Land Transfer Tax Refund

Ontario Tax Refund Eligibility Criteria

Toronto First-Time Homebuyer Land Transfer Tax Rebate

Toronto Tax Refund Eligibility Criteria

Shop Across 25+ Lenders For Your Best Mortgage Deals

British Columbia Land Transfer Tax Rebate

First-Time Home Buyer Eligibility In British Columbia

Prince Edward Island (PEI) Land Transfer Tax Rebate

Prince Edward Island (PEI) Land Transfer Tax Rebate Eligibility

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