Property Transfer Tax Calculator

The government of BC charges a Property Transfer Tax (PTT) to most buyers of residential property in British Columbia, unless they can qualify for an exemption (see below).   The BC PTT is collected by your lawyer at completion, so it’s really important you know how much tax you owe and set aside cash to pay it!   This BC Property Transfer Tax Calculator (BC PTT Calculator) will help you figure out the amount you owe.

***This BC Property Transfer Tax Calculator (PTT) is for education only. We cannot guarantee that all the calculations are accurate, and the displayed information should not be relied on without verification. Consult with a legal professional when you file a BC PTT Return to ensure you pay the correct tax amount.***

HELP ME BUY!

BC Property Transfer

The Property Transfer Tax (PTT) is based on the fair market value of the property on the Completion Day when the property is registered with the Land Title Office, unless you qualify for an exemption.

Property Transfer Tax should not be confused with Annual Property Taxes. Annual property taxes are paid every year to your municipal tax office.

Current BC Property Transfer Tax Rates

  • 1% of the fair market value up to and including $200,000
  • 2% of the fair market value greater than $200,000 and up to and including $2,000,000
  • 3% of the fair market value greater than $2,000,000 and up to and including $3,000,000
  • 5% of the fair market value greater than  $3,000,000.

Additional Property Transfer Tax

If the Buyer is a foreign national, foreign corporation or taxable trustee there is an additional 20% PTT  if the property is located in the following areas:

  • Capital Regional District
  • Fraser Valley Regional District
  • Metro Vancouver Regional District
  • Regional District of Central Okanagan
  • Regional District of Nanaimo

The additional PTT doesn’t apply to properties located on Tsawwassen First Nation treaty lands.

Property Transfer Tax exemptions

There are many way you may qualify to reduce the amount of PTT that you have to pay.

  • First Time home buyer’s program
  • Newly built home exemption
  • Family exemptions
  • Other exemptions (transfers)

You can learn more about the available programs and transfers that may qualify for exemptions here.

Other considerations

Try out our Affordability Calculator to figure out how much you can afford.

Try out our Mortgage Calculator to figure out your monthly mortgage payments.