top of page
< Back

Important Resources

Save this article  > 

Everything you need to know about land transfer taxes

Author: Staff
Publication date:
August 16, 2022
Article Summary: 

Land transfer taxes are fees that homebuyers pay when they purchase a property, except in Saskatchewan and Alberta. All provinces in Canada have land transfer taxes, which are calculated as a series of percentages of the sale price. The more you pay for the property, the more you pay in taxes. If you're buying in the City of Toronto, you pay both provincial and municipal land taxes, which effectively doubles the cost. First-time buyers are eligible for full or partial refunds on their provincial and municipal taxes if they meet specific requirements. The buyer is responsible for paying all taxes, and the payment is made directly to the province/municipality once the official title transfer of the new property is registered in the buyer's name. Exceptions apply to specific transfers, such as between spouses or farmed land between family members.


land transfer taxes, homebuyers, property purchase, fees, provinces, percentages, sale price, Toronto, municipal land taxes, first-time buyers, refunds, eligibility, payment, exceptions, title transfer.

Source Citation: Staff
Everything you need to know about land transfer taxes
August 16, 2022
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page