Land Transfer Tax — All Canadian Provinces 2026

Land Transfer Tax Explained: Province by Province

Land transfer tax (LTT) — also called property transfer tax, welcome tax, or deed transfer tax depending on the province — is a one-time tax paid by the buyer upon the transfer of real property. It is distinct from property tax, which is paid annually. LTT is a closing cost that must be paid in cash on or before closing day; it cannot be rolled into the mortgage.

Ontario charges LTT on a progressive bracket system: 0.5% on the first $55,000, 1% up to $250,000, 1.5% up to $400,000, 2% up to $2 million, and 2.5% above $2 million. First-time buyers receive a rebate up to $4,000. The City of Toronto charges an identical municipal LTT on top of the provincial LTT, making Toronto homes the most expensive to purchase by LTT measure in Canada.

British Columbia charges a Property Transfer Tax (PTT) of 1% on the first $200,000, 2% on amounts from $200,000 to $2 million, and 3% on amounts above $2 million. First-time buyers may qualify for an exemption on homes priced under $835,000. A 2% additional speculation and vacancy tax applies to properties in designated urban areas for certain non-resident and satellite family buyers.

Quebec charges the "Droits de mutation" (welcome tax) at rates ranging from 0.5% to 1.5% of property value, with municipalities having the option to charge a higher rate above $500,000. There is no provincial first-time buyer rebate in Quebec, though some municipalities offer programs.

Manitoba charges LTT from 0.5% to 2% based on purchase price. First-time buyers may qualify for a rebate up to $4,500. Nova Scotia, New Brunswick, and PEI all charge deed transfer tax at various rates set by each province or municipality. Newfoundland and Labrador charges no provincial LTT.

Alberta, Saskatchewan, Yukon, NWT, and Nunavut all charge no land transfer or property transfer tax. Buyers pay only a modest land title registration fee. This is the most buyer-friendly LTT environment in Canada.