Land Transfer Tax


  • A tax imposed by some provincial governments ranging from 0.5 to 4.0 per cent and paid by the purchaser of a property at closing. It is based on the selling price of the house and is applied whenever a property is transferred from one owner to another. Some provinces may have rebates available if you are a first time homebuyer.

property transfer tax


Related Terms and Acronyms

  • Agreement of Sale (AOS) Acronym,
    • A document in which a property's buyer and seller approve the price and other terms of the transfer of title.
  • Conveyance Tax Definition,
    • A tax on the transfer of real property.
  • Land Title Definition,
    • The legal document conveying title to a property.
  • Land Transfer Tax Act (LTTA)Acronym, Canada,
    • Land Transfer Tax Affidavit (LTTA)Acronym, Canada,
      • Property Tax Definition,
        • A levy by a city on real estate and personal property whose amount varies depending on the property's value.
      • Real Estate (RE) Acronym, Very Important,
        • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
      • Real Estate Attorney Definition,
        • A lawyer who specializes in the transfer of land and buildings and property tax issues.
      • Sales Tax Definition,
        • Federal and / or provincial taxes that are applied to purchases.
      • Tax (TX) Acronym,
        • A levy paid by an individual or entity that is collected by a government.
        Bank account transaction code.
      • Title Definition,
        • Evidence of a person's right to possession ownership of a property.
      Compare. Calculate. Apply today.
      Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage