Land Transfer Taxes (LTT) are provincial taxes levied on the exchange of real estate, and are the responsibility of the purchaser. Usually the LTT is a percentage of the property value.  All provinces have a land transfer tax except Alberta and Saskatchewan (who instead levy a much smaller fee). Note that Ontario, Toronto, B.C. and PEI there are LTT rebates for first time homeowners. Also, keep in mind that Toronto is an exception as it charges an additional municipal tax (see Toronto section for additional information).

Manitoba

In Manitoba “transferfees” are required to pay the land transfer tax, with some exceptions, and a registration fee upon registration of transfer title at the nearest land title office.  LTT is levied on the fair market value of the property on the date of registration, and is calculated as shown below:

  • 0% on the first $30,000
  • 0.5% on the next $60,000 (i.e. $30 001 – $90 000)
  • 1% on the next $60, 000 (i.e. $60 001 – $150 000)
  • 1.5% on the next $50,000 (i.e. $150 001 – $200 000)
  • 2% on the portion of the FMV that is greater than $200 000

For example if John bought a house for $250,000, the LTT would be calculated as:

  • 0% on the first $30,000 = $0
  • 0.5% on the next $60,000  = $300
  • 1% on the next $60, 000 = $600
  • 1.5% on the next $50,000 = $750
  • 2% on the portion > $200 000 = $1,000

TOTAL: $2,650