Land Transfer Tax (LTT)

Do you know about this one? It can be your biggest closing cost, depending on your province.

Part of the mortgage process, this charge varies by province (or city). Read on or use the calculator below. Or, we can help — for no surprises when sealing the deal.

Provinces get a piece of the mortgage action, too.

In each province, a Land Transfer Tax (LTT) — or title transfer fees — are applied to every home or property purchased. These taxes or fees are paid as soon as you take possession, arranged by your lawyer as part of your closing costs.

In Alberta and Saskatchewan, a smaller title transfer fee is charged. But in other provinces, the LTT is calculated as a percentage of the property value, typically using the asking price as a fair estimate.

Depending on where you live, taxes usually range from 0.5% to 3% of the total value of the property. Many provinces have multi-tiered taxation systems that can prove complicated, with different percentages charged as the house-value climbs.

Please note that for first-time home buyers, several provinces and municipalities may offer rebates, or may even waive these LTTs or title fees all together (restrictions apply).

Calculate your LTTs

Land Transfer Tax Calculator
(Please note that the formulas used to calculate these taxes are subject to change, and don't include title transfer fees.)

Keep reading for how your province applies land transfer or title fee costs

Here's a snapshot of current Land Transfer Taxes or title transfer fees by province. These can (and will) change, so be sure to talk to one of our friendly, expert True North Mortgage brokers. They'll give you an accurate idea of what your closing-cost numbers will be, based on how much house you're hunting for — and let you know about any eligible rebates on these costs.

British Columbia

Land Transfer Tax
Up to $200K – 1% of property value
From $200K to $2M – 2% of property value
Over $2M – 3% of property value
Over $3M – Additional 2% for residential properties (5% total)

Alberta

Transfer of Land Registration Fee. Base fee of $50, plus $2 for every $5K of fair market value.

Mortgage Registration Fee. Base fee of $50, plus $1.50 for every $5K of principal mortgage amount.

Saskatchewan

Land Title Transfer Fee. For most properties, 0.3% of property value. And a flat fee of $160 for registration of a new mortgage.

Manitoba

Land Transfer Tax
Up to $30K – No charge
From $30K to $90K – 0.5% of property value
From $90K to $150K – 1% of property value
From $150K to $200K – 1.5% of property value
Over $200K – 2% of property value

Ontario

Land Transfer Tax
Up to $50K – 0.5% of property purchase price
From $50K to $250K – 1% of property purchase price
Over $250K – 1.5% of property purchase price

City of Toronto (in addition to LTT)
Up to $55K – 0.5% of property purchase price
From $55K to $400K – 1% of property purchase price
Over $400K – 2% of property purchase price

Quebec

Land Transfer Tax, outside of Montreal
Up to $50K – 0.5% of property value
From $50K to $250K – 1% of property value
Over $250K – 1.5% of property value

Montreal: 0.5% to 2.5% on a determined base amount, with different percentages charged as the property value climbs.

New Brunswick

Real Property Transfer Tax. A charge of 1% of assessed value of property.

Nova Scotia

Halifax Metro 1.5% on total property value
Outside Halifax County – Varies by municipality, approx. 1% to 1.5%

Nova Scotia Deed Transfer Tax Rates table

Prince Edward Island

Land Transfer Tax. A charge of 1% of the greater of purchase price or property value, with no charge on property values of less than $30K.

Newfoundland and Labrador

Registration of Deeds Fee. A base fee of $100, plus approx. $0.40 for every $100 of purchase price over $500.00.

Yukon Territory

Assurance Fee. A charge of $20 for all applicable transactions up to $10K. Add $10 for each additional $10K (or part) of declared value since last transfer.

Transfer Fee. A flat fee is charged, ranging from $0 to $750, with different amounts charged as the property value climbs.

Northwest Territories

Land Transfer Tax. A percentage of property value and mortgage amount, charged approximately as:
$1.50 for every $1K
$1.00 for every $1K for property values greater than $1M
$1.00 for every $5K (subject to minimum fee of $80)

Nunavut

Territory Registration Fee. Based on property values, properties less than $1M are charged $1.50 for every $1K of value, subject to a minimum fee of $60.

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