Last updated: March 2, 2022
What this tool is all about:
This tool lets you get an estimate of what your land transfer tax will be when you purchase a Alberta property.
Anyone who purchases a property must pay a land transfer tax to the province in which they bought the property if required and it must be paid when the transaction closes. Depending on your location, residents might have to pay both provincial and municipal land transfer tax.
Alberta has some of the lowest land transfer tax requirements in Canada. Some provinces provide a first-time home buyers land transfer tax rebate, however there are no rebates in Alberta. There are no ways to lower your Alberta land transfer tax directly, but you might be able to reduce the transfer tax slightly by making a larger down payment on your mortgage since the calculation does take your mortgage and down payment into consideration.
No, not all provinces in Canada have land transfer tax. The provinces that have land transfer tax are:
Some areas in Canada will charge both provincial and municipal land transfer tax.
All other remaining provinces and territories charge registration fees based on the value of the property being bought or transferred. These fees are usually much lower compared to typical Canadian land transfer tax rates.
Alberta land transfer tax is typically based on the value of the property and the percentage of your down payment. It’s generally not very expensive and homeowners, even first-time home buyers, are able to pay their transfer tax without issues.
|Charge on the property value||Charge on mortgage amount|
|$50 base and an additional $2 for every $5,000 of property value||$50 base and an additional $1.50 for every $5000 of the mortgage amount|