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BC LAND TRANSFER TAX

When you a buy a house, condo or land in BC you are subject to land transfer tax which is due upon closing. Use Ratehub.ca’s calculator to determine your applicable land transfer tax or view BC’s current rates below and follow along with our sample calculation.

BC Land Transfer Tax Calculator

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Location

Please ensure your location is correct in order to find the best rates available in your area. If the selected location is already correct, simply close this tip.Vancouver, BC

When you a buy a house, condo or land in BC you are subject to land transfer tax which is due upon closing. Use Ratehub.ca’s calculator to determine your applicable land transfer tax or view BC’s current rates below and follow along with our sample calculation.

The British Columbia land transfer tax is a marginal tax, and each portion of your home’s value is taxed at its own unique tax rate. These land transfer tax rates are as follows:

Purchase Price of HomeMarginal Tax Rate
First $200,0001.0%
On $200,001 to $2,000,0002.0%
Over $2,000,0003.0%
Over $3,000,000A further 2% for residential properties (5% total)

British Columbia Land transfer tax rebate2

British Columbia provides land transfer tax rebates for first-time homebuyers. Homes purchased for $500,000 or less will receive a full refund. For homes with a purchase price of between $500,000 and $525,000, a partial refund is given. A sample calculation of this can be seen below.

First-time homebuyer eligibility in British Columbia

You qualify as a first-time homebuyer if:

  • You are a Canadian citizen or a permanent resident of Canada.
  • You have lived in BC for 12 consecutive months before the property is registered, or you have filed 2 income. taxes in BC in the past six years.
  • You have never owned a home anywhere else in the world at any time.
  • You have never received a first-time homebuyers’ refund or exception.

Your property qualifies for a full refund if:

  • The market value of the property is not more than $475,000.
  • The land is 0.5 hectares or smaller.
  • The property will be used as your primary residence.

You will only qualify for a partial refund if:

  • Your property is between $475,001 and $499,999 in value.
  • The land is greater than 0.5 hectares.
  • A portion of the land is used for commercial purposes or there are other homes on your land (only your primary residence is eligible).

Application

To apply, you must fill out a First Time Home Buyers’ Property Transfer Tax Return and other appropriate Land Title forms at the Land Title Office when your property is registered.