Land Transfer Tax Information


Purchasers in most large Canadian centres can add Land Transfer Taxes to their list of closing costs.

Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. 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 prove complicated. If you purchase a property for $260,000 in Ontario, for example, .5 per cent is charged on the first $55,000, 1 per cent is charged on $250,000 – $55,000, while the $400,000 – $250,000 range is taxed at 1.5 per cent. Your total Ontario Provincial Land Transfer Tax bill will be? $2,375.00. If you live in City of Toronto, there will additional City of Toronto Land Transfer Tax be added.

The following chart illustrates Land Transfer Taxes by province.

ONTARIO

Land Transfer Tax (only Provincial part)
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 (only Provincial part)
Up to $200,000 X 1 % of total property value
From $200,000 up X 2 % of total property value

MANITOBA

Land Transfer Tax (only Provincial part)
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 (only Provincial part)
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.