Skip to Content
Rainer Neufeld

Rainer Neufeld

Sales Representative

Land Transfer Tax

Buyers in most areas will have to add Land Transfer Taxes to their closing costs.

Land transfer taxes are a part of the process unless you live in Albert, Saskatchewan, or rural Nova Scotia. These taxes, levied on properties that are changing hands, are the responsibility of the buyer. Depending on where you live, taxes can range from a half a per cent to two per cent of the total value of the property.

Many provinces have multi-tiered taxation systems that can sometimes be difficult to understand. If you buy a property for $260,000 in Ontario, for example, .5 per cent is changed on the first $55,000, 1 per cent is changed on $55,000-$250,000, while the $250,000-$400,000 range is taxed at 1.5 per cent. Your total tax bill? $2,375.00

The following illustrates Land Transfer Taxes by province.

ONTARIO

Land Transfer Tax

Up to $55,000 x .5% of total property value.
From $55,000 to $250,000 x 1% of total property value.
From $250,000 to $400,000 x 1.5% of total property value.
From $400,000 up x 2% of total property value.

British Columbia

Property Purchase Tax

Up to $200,000 x 1% of total property value.
From $200,000 up x 2% of total property value.

MANITOBA

Land Transfer Tax

Up to $30,000 N/A
From $30,000 to $90,000 x .5% of total property value.
From $90,000 to $150,000 x 1% of total property value.
From $150,000 up x 1.5% of total property value.

QUEBEC

Transfer Tax

Up to $50,000 x .5% of total property value.
From $50,000 to $250,000 x 1% of total property value.
From $250,000 up x 1.5% of total property value.

NOVA SCOTIA

Land Transfer Tax

Halifax Metro
1.5 per cent on total property value.
Outside Halifax County
Check with local municipality.

 

 

 

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules and the REALTOR® Code.  The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
   


   The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

RE/MAX Solid Gold Realty (II) Ltd., Brokerage
180 Weber St. S
Waterloo ON  N2J-2B2
(519) 888-7110
Real Estate License # 4728164

Home Hunter Login

Sign up for an account