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British Columbia Land Transfer Tax
In British Columbia, you have to pay a land transfer tax when you buy a detached home, semi-detached, townhome or condo. Use our calculator to figure out how much you’ll owe at closing.

Land Transfer Tax

Purchase Price
   I am a first-time home buyer
Location
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Provincial

$0.00

Municipal

$0.00

Rebate

$0.00

Land Transfer Tax

$0.00


Take 5 minutes to start your pre-approval online.

British Columbia Land Transfer Tax Rates

Tax on the portion of the purchase…

Property Transfer Tax

… up to $200,000

1%

… between $200,001 and $2 million

2%

… over $2 million but less than $3 million

3%

… over $3 million

2%

The property transfer tax in British Columbia is bracketed. If you purchase a home worth $300,000, you don’t pay a flat 2%. Instead, you pay 1% on $200,000 and 2% on $100,000, for a total of $4,000.
If you bought a home worth $3 million, you would pay:

Value of the Property

Rate

Tax Owed

First $200,000

1.0%

$2,000

Next $1.8 million

2.0%

$36,000

Last $1 million

3.0%

$30,000

Total tax owed

$68,000

 Finally, if you were to buy the most expensive home in Vancouver, worth $75.8 million, you would pay:


Value of the Property

Rate

Tax Owed

First $200,000

1.0%

$2,000

Next $1.8 million

2.0%

$36,000

Next $1 million

3.0%

$30,000

Last $72.8 million

2.0%

$1,456,000

Total tax owed

$1,524,000

If the property you’re buying is a farm or mixed commercial-residential, then that extra 2% over $3 million is only applicable to the residential portion of the property.

British Columbia First Time Home Buyers’ Program

The B.C. First Time Home Buyers’ Program isn’t as comprehensive as Ontario’s.
The max rebate value is $8,000, but only applies to properties that are:

  1. Located in B.C.
  2. Used only as a principal residence
  3. Have a value of less than $500,000
  4. Are smaller than 0.5 hectares

There is the possibility of a partial rebate if the home is valued between $500,000 and $525,000, but it is cut off completely after $525,000.

Fair Market Value

Exemption Amount

Tax Payable

Under $500,000.00

Full amount

$0

$500,000.00

$8,000.00

$0.00

$501,000.00

$7,699.20

$320.80

$502,000.00

$7,396.80

$643.20

$503,000.00

$7,092.80

$967.20

$504,000.00

$6,787.20

$1,292.80

$505,000.00

$6,480.00

$1,620.00

$506,000.00

$6,171.20

$1,948.80

$507,000.00

$5,860.80

$2,279.20

$508,000.00

$5,548.80

$2,611.20

$509,000.00

$5,235.20

$2,944.80

$510,000.00

$4,920.00

$3,280.00

$511,000.00

$4,603.20

$3,616.80

$512,000.00

$4,284.80

$3,955.20

$513,000.00

$3,964.80

$4,295.20

$514,000.00

$3,643.20

$4,636.80

$515,000.00

$3,320.00

$4,980.00

$516,000.00

$2,995.20

$5,324.80

$517,000.00

$2,668.80

$5,671.20

$518,000.00

$2,340.80

$6,019.20

$519,000.00

$2,011.20

$6,368.80

$520,000.00

$1,680.00

$6,720.00

$521,000.00

$1,347.20

$7,072.80

$522,000.00

$1,012.80

$7,427.20

$523,000.00

$676.80

$7,783.20

$524,000.00

$339.20

$8,140.80

$525,000.00

$0

$8,500.00

If one of the purchasers doesn’t qualify for the First Time Home Buyers’ Program (for example, if they had owned a home before), you are still eligible to receive 50% of the rebate.
In order to qualify for the program, on the date the property is registered you must:

  1. Be a Canadian citizen or permanent resident
  2. Have lived in B.C. for 12 consecutive months, or have filed two income tax returns as a B.C. resident in the past 6 years
  3. Have never owned a home or an interest anywhere in the world
  4. Have never received a first time homebuyers’ exemption or refund

How to Apply for theBritish Columbia First Time Home Buyers’ Program

It’s simple to apply for the FTHBP. When you file your Property Transfer Tax Return, select or enter the exemption code FTH.

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