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Land Transfer Taxes are added by the purchasers in large Canadian centers to their list of closing costs.

For Alberta, Saskatchewan or rural Nova Scotia, the land transfer tax (property purchase tax) is a basic fact of life. Levied on property that are changing hands, these taxes are the responsibility of the purchaser. Taxes can range from half a percent to two percent of the total value of a property depending on where you live.

Multi-tiered taxation systems prove complicated in many provinces. For example, in Ontario, if a purchased property for $260,000, .5 % is charged on the first $55,000, 1 % is charged on $55,000 — $250,000, while the $250,000 –$400,000 range is taxed 1.5%. Your total tax bill would be $2,375.00.

Land Transfer Tax by Province List

ONTARIO
Land Transfer Tax
X .5% of the total property value Up to $55,000 X
$55,000 to $250,000 X 1 % of total property value
$250,000 to $400,000 X 1.5 % of total property value
$400,000 up X 2 % of total property value

BRITISH COLUMBIA
Property Purchase Tax
X 1% of total property value Up to $200,000
X 2% of total property value $200,000 up

MANITOBA
Land Transfer Tax
$30,000 and under N/A
X.5% of total property value from $30,000 to $90,000
X l% of total property value from $90,000 to $150,000
X l.5% of total property value From $150,000 up

QUEBEC
Transfer Tax
X.5% of total property value up to $50,000
X l% of total property value From $50,000 to $250,000
X l.5% of total property value From $250,000 up

NOVA SCOTIA
Land Transfer Tax
Halifax Metro
1.5 % on total property value

Outside Halifax
Check with local municipality.