How NB Deed Transfer Tax Compares to Other Provinces
New Brunswick's 1% flat deed transfer tax is simple and relatively affordable:
- NB (1% flat): $3,200 on a $320K home
- NS (municipal only, ~1%): ~$4,800 on a $480K HRM home at 1.5%
- Manitoba (graduated 0–2%): ~$4,050 on a $320K home
- Ontario (graduated 0.5–2.5%+): ~$3,475 on a $320K home (plus Toronto's additional LTT)
- BC (graduated 1–3%): ~$4,400 on a $320K home (much higher on actual BC prices)
NB's flat 1% is easy to budget for, transparent, and competitive with other Atlantic provinces.
Frequently Asked Questions
Is there a first-time buyer exemption from NB deed transfer tax?
No — New Brunswick does not offer a rebate or exemption from deed transfer tax for first-time buyers. The 1% applies to all buyers on all property types. Federal programs (FHSA, RRSP Home Buyers' Plan, HBTC) still provide benefits that effectively offset some of the cost.
When is the NB deed transfer tax paid?
The deed transfer tax is paid at closing, handled by your real estate lawyer or notary. It must be paid from your own funds — it cannot be rolled into your mortgage.
Are there any exemptions to the NB deed transfer tax?
Some transfers are exempt, including transfers between spouses, certain family farm transfers, and some reorganizations. Your lawyer will confirm if any exemption applies to your specific transaction.
Does NB deed transfer tax apply to new construction?
Yes — the 1% deed transfer tax applies to both resale and new construction purchases. On new construction, you may also be subject to HST on the purchase price (with potential GST/HST New Housing Rebate from the federal government).