Land Transfer Tax Calculator

Buying property in Canada comes with many upfront costs and taxes, including the land transfer tax (LTT). Understanding how the land transfer tax works, including the rates in your province, is essential to budgeting for a real estate purchase. This guide provides an in-depth look at land transfer tax across Canada.

What is land transfer tax?

Land transfer tax, sometimes called property transfer tax, is a one-time tax levied by provincial governments when purchasing a home or land. The tax is calculated as a percentage of the property’s sale price and paid by the buyer.

Land transfer tax rates vary widely across Canada. Some provinces have graduated tax brackets similar to income tax, while others charge a flat percentage. Major cities like Toronto and Montreal also levy their municipal LTT on top of the provincial rates.

How to calculate land transfer tax

Land transfer tax is calculated as a percentage of the purchase price and scales higher based on property value. Rates vary widely across provinces and territories:

Ontario land transfer tax

Ontario charges land transfer tax using a graduated bracket system based on the property’s value:

• 0.5% on the first $55,000
• 1.0% on the amount greater than $55,000 to $250,000
• 1.5% on the amount greater than $250,000 to $400,000
• 2.0% on the amount greater than $400,000 to $2 million
• 2.5% on amounts over $2 million for single-family homes

There is also an additional 15% Non-Resident Speculation Tax for foreign buyers in the Greater Golden Horseshoe.

This is an example of calculating your LTT for a $700,000 property in Ontario:

Marginal purchase price ($)	Tax rate	Marginal tax ($)
First 55,000	0.5%	275
The next 195,000 (55,000 to 250,000)	1.0%	1,950
The next 150,000 (250,000 to 400,000)	1.5%	2,250
The remaining 300,000 (400,000 to 2,000,000)	2.0%	6,000
0 (Over 2,000,000)	2.5%	0

The total tax is $10,475. If you are a first-time home buyer, you can receive a rebate of up to $4,000 on your provincial land transfer tax, making the net LTT $6,475.

British Columbia land transfer tax

The tax brackets for BC Land Transfer Tax, or BC property transfer tax, are:

• 1% on the first $200,000
• 2% on the amount over $200,000 to $2 million
• 3% on the amount over $2 million
• An additional 2% on the amount above $3 million

Alberta land title transfer fee

Alberta has no land transfer tax. However, Alberta charges a land title transfer fee consisting of two components:

• Land transfer registration fee: A flat $50 fee plus $5 for every $5,000 of property value
• Mortgage registration fee: A flat $50 fee plus $5 for every $5,000 of mortgage value

This fee is the latest update from the Alberta Land Titles Office (effective January 31, 2025). The total registration fee is the sum of these two components.

Manitoba land transfer tax

Manitoba land transfer tax rates are as follows:

• 0.5% on values from $30,001 to $90,000
• 1.0% on the amount over $90,000 to $150,000
• 1.5% on the amount over $150,000 to $200,000
• 2.0% on amounts over $200,000

Quebec land transfer tax

Quebec land transfer tax, known as the Welcome Tax, scales from:

• 0.5% on the first $53,200
• 1.0% from $53,200 to $266,200
• 1.5% on amounts above $266,200

Montreal has additional brackets with higher rates.

Newfoundland and Labrador land transfer tax

The Land Transfer Tax in Newfoundland and Labrador is calculated as follows:

• $100 for the first $500 of the purchase price
• $0.40 for every additional $100 of the purchase price (rounded down)

Saskatchewan land title transfer fee

While not charging a land transfer tax, Saskatchewan have a land title transfer fee equal to 0.4% of the property value for properties with a value exceeding $6,300. A flat fee of $25 applies to properties valued between $500 and $6,300, while properties under $500 are exempt from the fee.

If a mortgage is obtained to purchase the property, a flat mortgage registration fee based on the mortgage amount will also be payable.

Northwest Territories land transfer tax

Northwest Territories land transfer tax includes two fees:

• Registration Fee: $1.50 for every $1,000 of property value (minimum $100) for properties under $1,000,000, and $1 for every $1,000 over $1,000,000
• Mortgage Fee: $1 for every $1,000 of the mortgage amount (minimum $80)

Yukon land transfer tax

Yukon charges a land title fee that consists of three flat fees:

• Assurance Fee: Applicable if the property value has increased since the last ownership transfer
• Transfer Fee: Ranges from $50 for properties under $100,000 to $650 for properties over $10,000,000
• Mortgage Fee: Similar to the Transfer Fee, based on the mortgage amount

Prince Edward Island land transfer tax

Prince Edward Island charges a Real Property Transfer Tax of 1% on the greater of the purchase price or the assessed value of the property. Properties valued under $30,000 are exempt from this tax.

Nova Scotia land transfer tax

Nova Scotia has its own Deed Transfer Tax, ranging from 0.5% to 1.5% of the purchase price. Non-residents of Nova Scotia, including Canadians from other provinces, must pay a Non-resident Deed Transfer Tax (also known as the Provincial Deed Transfer Tax) of 5% on the property’s purchase price or assessed value. This tax applies to residential properties with three or fewer units and is effective as of April 1, 2022.

New Brunswick land transfer tax

New Brunswick land transfer tax is calculated by multiplying the tax rate of 1% by the greater of the assessed value of the property or the purchase price.

Municipal Land Transfer Tax

In addition to provincial taxes, some cities levy their own municipal taxes:

Toronto land transfer tax

Toronto charges an additional municipal LTT tax over the provincial tax. Toronto land transfer tax matches the Ontario brackets but adds an additional tax for homes over 3 million, effective as of January 1, 2024.

• 0.5% on the first $55,000
• 1.0% on the amount from $55,000 to $250,000
• 1.5% on the amount from $250,000 to $400,000
• 2.0% on the amount exceeding $400,000
• 2.5% on amounts over $2 million
• 3.5% on the amount from $3 million up to $4 million
• 4.5% on the amount from $4 million up to $5 million
• 5.5% on the amount from $5 million up to $10 million
• 6.5% on the amount from $10 million up to $20 million
• 7.5% on amounts over $20 million

Example calculation for Municipal LTT of a $700,000 property in Toronto

• As calculated in our first example, the provincial tax is $10,475
• The municipal tax is calculated the same, which is equal to $10,475, as the municipal tax bracket for property under $3 million is the same as in Ontario.

So, the total LTT for a property worth $700,000 in Toronto is $20,950.

Montreal land transfer tax

Montreal land transfer tax has the following rates:

• 0.5% on the first $51,700
• 1.0% on the amount over 51,700 to $258,600
• 1.5% on the amount over 258,600 to $517,100
• 2.0% on the amount exceeding $517,100 to $1,034,200
• 3.5% on amounts over $2 million

Land Transfer Tax Rebate for First-time Home Buyers

There are 4 provinces in Canada that offer full or partial land transfer tax rebates for first-time home buyers:

• First-time buyers in Ontario can receive a rebate of up to $4,000 when buying their first home.
• BC first-time home buyers can get full LTT exemption on homes up to $500,000, and partial rebates up to $525,000.
• First-time buyers in PEI don’t pay LTT on homes under $200,000 when used as a primary residence.
• First-time homebuyers in Toronto can receive a rebate of up to $4,475 on the Municipal tax.

Eligibility for the rebates varies, but generally includes:

• Being a Canadian citizen or permanent resident
• Never having owned property before
• Purchasing a home under a threshold value
• Occupying the home as a primary residence

FAQs about Land Transfer Tax in Canada

Article Sources

1. Land Transfer Tax – ontario.ca