Glossary · Taxes
What is Land transfer tax?
Land transfer tax is a one-time tax paid when property ownership changes hands, usually by the buyer at closing.
Definition
Many provinces and municipalities charge a land transfer tax when you buy a home, calculated as a percentage of the purchase price. It's typically one of the larger closing costs.
Some areas offer rebates for first-time buyers. Factoring this tax into your budget early helps you avoid a surprise at closing.
When land transfer tax matters
- Budgeting closing costs accurately
- Checking eligibility for first-time buyer rebates
- Comparing the true cost of a purchase
With Homeprint
How Homeprint helps with land transfer tax
Homeprint keeps your closing documents — including tax receipts — organized for budgeting and resale.
- Keep every related document in one secure place
- Track your home's value and finances over time
- Stay connected with trusted neighbourhood experts
Land transfer tax — FAQ
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