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Notice of Assessment

If an audit determines you owe tax, you will receive a Notice of Assessment. You need to pay the balance shown on the notice to avoid additional interest.

If you disagree with the Notice of Assessment, you can file an appeal.

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Property Transfer Tax

When you purchase or gain an interest in property that is registered at the Land Title Office, you are responsible for paying property transfer tax. 

Taxable transactions include:

  • transfer of fee simple
  • right to purchase or agreement for sale
  • lease or lease modification agreements
  • life estate
  • foreclosure
  • Crown grant
  • escheatforfeiture or quit claim
  • transfer as a result of corporate reorganization

You pay the tax based on the fair market value of the property at the date of registration, unless you qualify for an exemption.

Property transfer tax should not be confused with annual property taxes. Annual property taxes are paid yearly for each property you own or have a registered interest in to fund services in your area.