Provincial Taxes and Benefits
We are here to help, and saving money is always top of mind!
Every (home-buying) dollar counts.
Along with the closing costs involved in buying your home, there are provincial or municipal charges to think about.
There may also be support available — many (but not all) provinces offer the opportunity to get a tax credit or rebate (in addition to federal ones), depending on eligibility and home price.
There may also be support available — many (but not all) provinces offer the opportunity to get a tax credit or rebate (in addition to federal ones), depending on eligibility and home price.
Alberta
Taxes or Fees
- Land Title Transfer Fees
- 5% GST on New Builds
Rebates or Benefits
— None
Notes
Standardized document: AREA Residential Purchase Contract
British Columbia
Taxes or Fees
- 5% GST on New Builds
- Property Transfer Tax
- Non-Resident Transfer Tax
- Provincial Home Flipping Tax
Rebates or Benefits
- FTHB Exemption
- Newly Built Home Exemption
- First Nations Exception
- BC Home Owner Grant
Notes
Notary accepted for real estate purchase.
Manitoba
Taxes or Fees
- 5% GST on New Builds
- Land Transfer Tax
Rebates or Benefits
- Rural Homeownership Program
Notes
Land Titles Office may allow a person entitled to administer oaths to witness the transfer without swearing an affidavit of execution (case-by-case basis).
New Brunswick
Taxes or Fees
- 5% GST on New Builds
- Real Property Transfer Tax
Rebates or Benefits
- Home Ownership Program
Newfoundland & Labrador
Taxes or Fees
- Registration of Deeds Fee
- 5% GST on New Builds
Rebates or Benefits
— None
Northwest Territories
Taxes or Fees
- Land Title Fees
- 5% GST on New Builds
Rebates or Benefits
— None
Nova Scotia
Taxes or Fees
- -- Non-Resident Deed Transfer Tax
- 5% GST on New Builds
Rebates or Benefits
- 6-Month Exemption for NRDTT
- Other Exemptions
- FTHB Rebate on Newly Built Home
- Down Payment Assistance Program
Nunavut
Taxes or Fees
- 5% GST on New Builds
- Land Title Tariff Fees
Rebates or Benefits
— None
Ontario
Taxes or Fees
- 5% GST on New Builds
- 8% PST on Default Insurance
- Land Transfer Tax
- Non-Resident Speculation Tax
- Municipal Land Transfer Tax (Toronto only)
Rebates or Benefits
- FTHB Refund
- FTHB Rebate (Toronto only)
- Other Rebates (Toronto only)
Prince Edward Island
Taxes or Fees
- 5% GST on New Builds
- Real Property Transfer Tax
Rebates or Benefits
- FTHB Refund
- Other Exemptions
- Down Payment Assistance Program
Quebec
Taxes or Fees
- 5% GST on New Builds
- 9% PST on Default Insurance
- Property Transfer Duties (Welcome Tax)
Rebates or Benefits
- Home Buyers' Tax Credit
- Other Exemptions
- Home Buyer Assistance (Montreal only)
Notes
Must use a notary, not a lawyer.
There is a legal warranty against latent defects, meaning compensation can be granted to the buyer (after the home is sold) for significant hidden defects.
Saskatchewan
Taxes or Fees
- 5% GST on New Builds
- 7% PST on Default Insurance
- Land Title Transfer Fee
Rebates or Benefits
- Exemptions for Purchase Price
- FTHB’s Tax Credit
Yukon
Taxes or Fees
- 5% GST on New Builds
- Land Title Fees
Rebates or Benefits
–None
