Property Transfer Tax
March 4, 2008
PROPERTY TRANSFER TAX AND FIRST TIME HOME BUYER’S INFORMATION
The Property Transfer Tax is a tax payable to the Provincial Government by purchasers of real estate. The tax applies to all types of real estate, whether residential, commercial or industrial.
The amount of the Property Transfer Tax is 1% on the first $200,000.00 of the property’s fair market value and 2% on the remaining fair market value. Read more
