Land transfer taxes are calculated based on the purchase price of your property. Each province sets its own land transfer tax rates, as do some municipalities. Use the calculator below 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.
Land Transfer Taxes in British Columbia are calculated in a similar way to Toronto, though with fewer property value brakcets. BC also levies a much higher marginal tax rate on high value residential homes.
First-time homebuyers are eligible to receive a full land transfer tax refund on homes purchased for up to $500,000. On homes purchased for between $500,00 - $525,000 the first-time homebuyer will be eligible for a partial refund.
You can qualify for the first-time homebuyer land transfer tax rebate if:
Your property qualifies for the first-time homebuyer land transfer tax rebate if:
For more information, see the Government of British Columbia website.
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