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Mortgage providers nationwide have been gradually lowering their fixed mortgage rates, including five of the country’s Big 6 banks.

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Land transfer tax calculator

– moneysense.ca

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How to calculate land transfer tax

Buying a home is an exciting process with many unexpected costs. Beyond your down payment, you’ll also be responsible for paying legal fees, appraisal costs, title transfer costs and taxes to the province or municipality (or both). 

That last item is called a land transfer tax (LTT), and it applies everywhere except in Alberta, Saskatchewan and all three territories, which instead charge land transfer fees. Despite the differences in terminology, the idea is the same: The buyer pays a one-time fee to the local government whenever a property changes hands. Below, you will find detailed information on land transfer taxes, fees and rebates:

What is a land transfer tax?

How is land transfer tax calculated?

Land transfer taxes at a glance

Land transfer taxes and fees by province and territory

Cities that charge additional land transfer tax

What is a first-time home buyer rebate?

First-time home buyer land transfer tax rebates

Other land transfer tax rebates

Land transfer tax exemptions

Tools

Use our mortgage payment calculator
Our calculator will help you understand what a mortgage will cost you in real terms while factoring for interest rates, amortization period, fixed or variable terms, and more…

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