British Columbia Property Transfer Tax Calculator

 
 

Property Transfer Tax

$0
Purchase Price$0
Provincial Tax$0
Total Tax$0
Average Tax Rate0%
This calculator assumes the purchaser is a permanent resident or citizen of Canada (otherwise non-resident speculation taxes apply) and the purchased property is a residential dwelling.
This calculator is provided as a reference tool to estimate approximate tax liabilities. Individual tax circumstances vary and tax planning should be performed with an accredited professional.
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British Columbia Property Transfer Tax Rates

Property Purchase PriceTax Rate
First $200,0001%
Over $200,000 to $2,000,0002%
Over $2,000,000 to $3,000,0003%
Over $3,000,0005%

First-Time Home Buyers Program

Update: Effective April 1, 2024, the thresholds for the First-Time Home Buyers Program were increased.

What is the First-Time Home Buyers Program?

Eligible first-time home buyers in British Columbia may receive an exemption of up to $8,000 on the Property Transfer Tax. Qualifying buyers receive a full exemption on Provincial Property Transfer Taxes for the purchase of homes with a value of $835,000 or less. A partial exemption on the property transfer tax is provided for homes with a value of more than $835,000 but less than $860,000. No first-time home buyer property transfer tax exemption is available for homes over $860,000 in fair market value.

Who is Eligible for the First-Time Home Buyers Exemption?

The eligility requirement for first-time home buyers is outlined on the B.C. government website.

Newly Built Home Exemption

Update: Effective April 1, 2024, the thresholds for the Newly Built Home Exemption were increased.

What is the Newly Built Home Exemption?

Purchasers of a newly built eligible home in British Columbia receive a full exemption on Provincial Property Transfer Taxes for homes with a value of $1,100,000 or less. A partial exemption on the property transfer tax is provided for homes with a value of more than $1,100,000 but less than $1,150,000. No newly built home property transfer tax exemption is available for homes over $1,150,000 in fair market value.

Who is Eligible for the Newly Built Home Exemption?

The eligility requirement for first-time home buyers is outlined on the B.C. government website.

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