LAND TRANSFER TAX

DEFINITION & CALCULATOR

LAND TRANSFER TAX 2017-03-13T12:05:50+00:00

What is the Land Transfer Tax?


Land transfer tax (LTT) is often overlooked when considering the total cost of purchasing a home. All provinces have a land transfer tax, except Alberta and Saskatchewan, who instead levy a much smaller transfer fee. In most provinces the tax is calculated as a percentage of property value, using asking price as a close estimate. Homebuyers in Toronto, however, also incur an additional municipal tax.

To help offset the unwelcome cost, Ontario, British Columbia, Prince Edward Island and the City of Toronto offer land transfer tax rebates for first-time homebuyers.

Land transfer taxes are calculated based on the purchase price of your property. Each province sets its own land transfer tax rates, and there are also special rules when buying real estate in Toronto and Montreal. Use the calculator above to find the land transfer tax based on your location, or keep reading to find out how land transfer tax is calculated where you live.

Use the calculator below to easily determine the amount of Land Transfer Tax in your real estate purchase.

Calculator and rates provided courtesy of RateHub.ca.