When taking possession of your new home, one of the final steps is to register the transfer with your provincial land title office. As part of this process, a fee is assessed which may be based either on the amount paid, or the fair market value of the property.
As a First Time home buyer you may qualify for rebates on part or all of the land transfer tax. In other circumstances you may also qualify for a full exemption, so be sure to check the rules with your provinces land title office.
The rates for these fees are based not only on home value, but also vary by province, and even city.
In most cases, the amount to be paid is determined by a legal professional. For help finding a lawyer in your province, visit our Find Your Local Team Page
For a breakdown of how LTT is determined for your province, see the map below.
$200,000 and under - 1%
$200,000 to $ 2,000,000 - 2%
$2,000,000 to $3,000,000 - 3%
Over $3,000,000 - 5%
Alberta has no LTT.
You must however pay a Land Registration Fee
0.3% on properties over $ 8401
$30,000 and under - No Charge
$30,001 to $ 90,000 - 0.5%
$90,001 to $150,000 - 1%
$150,001 to $200,000 - 1.5%
Over $200,000 - 2%
$50,000 and under - 0.5%
Over $50,000 to $ 250,000 - 1%
Over $250,000 - 1.5%
The City of Toronto has additional taxes on top of this
The "Welcome Tax" depends on the location and price of the home.
From 0.5% to 1.5% in Nova Scotia, and 1% in P.E.I and New Brunswick.
$100, plus 40 cents for every $100 of purchase price over $500
Saskatchewan:
0.3% on properties over $ 8401
Manitoba:
$30,000 and under - No Charge
$30,001 to $ 90,000 - 0.5%
$90,001 to $150,000 - 1%
$150,001 to $200,000 - 1.5%
Over $200,000 - 2%
British Columbia:
$200,000 and under - 1%
$200,000 to $ 2,000,000 - 2%
$2,000,000 to $3,000,000 - 3%
Over $3,000,000 - 5%
Alberta:
Alberta has no LTT.
You must however pay a Land Registration Fee
Maritimes:
From 0.5% to 1.5% in Nova Scotia, and 1% in P.E.I and New Brunswick
Newfoundland & Labrador:
$100, plus 40 cents for every $100 of purchase price over $500
Quebec:
The "Welcome Tax" depends on the location and price of the home.
Ontario:
$50,000 and under - 0.5%
Over $50,000 to $ 250,000 - 1%
Over $250,000 - 1.5%
The City of Toronto has additional taxes on top of this
