New Brunswick Land Transfer Tax Guide 2025

Everything NB homebuyers need to know about land transfer tax — rates, calculations, first-time buyer rebates, and exemptions.

New Brunswick LTT Rates 2025

New Brunswick charges land transfer tax (LTT) — also called deed transfer tax — on all property purchases in the province. The tax is calculated on the greater of the purchase price or the assessed value of the property.

Purchase Price Bracket	Tax Rate
First $250,000	1.0%
$250,001 to $500,000	1.5%
Above $500,000	2.0%

NB LTT Calculation Examples

Purchase Price	LTT Calculation	Total LTT
$200,000	$200,000 × 1.0% = $2,000	$2,000
$275,000	$250,000 × 1.0% + $25,000 × 1.5%	$2,875
$295,000	$250,000 × 1.0% + $45,000 × 1.5%	$3,175
$320,000	$250,000 × 1.0% + $70,000 × 1.5%	$3,550
$400,000	$250,000 × 1.0% + $150,000 × 1.5%	$4,750
$550,000	$250,000 × 1.0% + $250,000 × 1.5% + $50,000 × 2.0%	$6,250

First-Time Buyer LTT Rebate

New Brunswick offers a land transfer tax rebate for first-time buyers purchasing a home to use as their principal residence. The rebate covers up to $3,000 of the provincial LTT paid. This effectively eliminates the LTT cost entirely for most purchases under $250,000, and significantly reduces it for homes priced up to roughly $450,000.

Eligibility Requirements for NB LTT Rebate

• Must be a Canadian citizen or permanent resident
• Must be purchasing your first home (never previously owned a principal residence anywhere in Canada)
• Property must become your principal residence within 6 months of purchase
• Application is made through your notary/lawyer at closing
• Both buyers on title must be first-time buyers to claim the full rebate

How to Apply for the NB LTT Rebate

The rebate application is handled by your notary or real estate lawyer at the time of closing. You will complete a statutory declaration confirming your first-time buyer status. The rebate is applied directly against the LTT owing — you do not pay the LTT and then wait for a refund. Have your documentation ready: government ID, proof of Canadian status, and confirmation this is your first owned principal residence.

Other NB Property Transfer Fees

• Title registration fee: modest administrative charge for registering the deed at the NB Land Registry
• Legal/notary fees: $1,500–$2,000 for standard residential purchases
• CMHC insurance: applies when down payment is less than 20% of purchase price