Land Transfer Tax in Toronto, Ontario & Other Provinces

According to the Tariff of Fees Regulation, Alberta residents pay…

• $50 plus $1 for each $5,000 of land value and mortgage value

(Source: Government of Alberta)

• 1% on the first $200,000 of fair market home value, plus
• 2% on the portion greater than $200,000 and up to $2 million, plus
• 3% on the property value greater than $2 million, and
• 2% on the value greater than $3 million(effective February 21, 2018).

(Source: Government of British Columbia)

• Zero tax on the first $30,000 of home value
• 0.5% on the next $60,000 (i.e. $30,001 to $90,000)
• 1% on the next $60,000 (i.e. $90,001 to $150,000)
• 1.5% on the next $50,000 (i.e. $150,001 to $200,000)
• 2% on in the property valuation greater than $200,000

(Source: Government of Manitoba)

Newfoundland and Labrador does not charge a land transfer tax, however it imposes a considerable registration fee equal to $100 plus 0.4% of the value of the property..

The province also charges a significant fee when registering a mortgage. Similarly, these fees are $100 plus 0.4% of the value of the mortgage in excess of $500.

(Source: Government of Newfoundland and Labrador)

In New Brunswick, the land transfer tax is currently 1% of the assessed value of the property or the purchase price, whichever is greater.

For example, on a purchase of a house assessed at $100,000, the tax payable is $1,000. The purchaser must pay this special tax or the deed cannot be registered.

(Source: Government of New Brunswick)

• Where the value of the land is less or equal to $1 million, $1.50 for each $1,000 of value or part (minimum fee $100).
• Where the value of the land is greater than $1 million, $1,500 plus $1 for each $1,000 of value or part.

(Source: CMHC)

A Deed Transfer Tax (DTT) may be applicable to land sold in Nova Scotia. However, Deed Transfer Tax rates are set by each municipality and the DTT payable is calculated based on the sale price of the property.

(Source: Government of Nova Scotia)

Land transfer tax is not levied in Nunavut, but the territory charges registration fees based on property values.

For property valued at less than $1 million, the fees are $1.50 for every $1,000 of value, subject to a minimum fee of $60. For properties worth more than $1 million, the fee is $1,500 plus $1 for every $1,000 over $1 million.

(Source: CCH)

The tax rates on land transfers in Ontario are as follows:

• 0.5% on amounts up to and including $55,000
• 1.0% on amounts exceeding $55,000, up to and including $250,000
• 1.5% on amounts exceeding $250,000, up to and including $400,000
• 2.0% on amounts exceeding $400,000
• 2.5% on amounts exceeding $2 million, where the land contains one or two single-family residences

(Source: Government of Ontario)

The rate of Real Property Transfer Tax is 1% on the greater of:

• the purchase price of the real property; or
• the assessed value of the real property.

(Source: Government of Prince Edward Island)

• Province of Québec, outside of Montréal :
• 0.5% on the first $50,900
• 1.0% on the amount from $50,900.01 to $254,400
• 1.5% on the amount exceeding $254,400
• The City of Montreal levies its own land transfer tax, based on the following rates:
• 0.5% on the first $50,900
• 1.0% on the amount from $50,900 to $254,400
• 1.5% on the portion from $254,400 to $508,700
• 2% on the amount from $508,700 to $1,017,400
• 2.5% on the amount exceeding $1,017,400

(Source: Government of Quebec )

Saskatchewan does not charge a land transfer tax, but does levy a registration fee determined by the value of the property. There is no fee for properties valued under $500, and a $25 fee for properties valued between $501 and $8,400. For properties valued at more than $8,400, the title transfer fee is 0.3% of the property value.

(Source: CCH)

Yukon does not impose land transfer tax, and charges only nominal registration fees on the property and mortgage.

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(Source: CCH)