Property Transfer Tax
Note to legal professionals: A new Property Transfer Tax Return (v.29) is in effect on November 27, 2017. Refer to our resources to learn more about the new return.
When you purchase or gain an interest in property that is registered at the Land Title Office, you're 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
- Crown grant
- escheat, forfeiture or quit claim
- transfer as a result of corporate reorganization
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.