Know your transfer tax before you offer.
This property transfer tax calculator works out BC property transfer tax, the first-time buyer and newly built home exemptions, and the additional tax for foreign buyers.
What this property transfer tax calculator tells you.
Property transfer tax is due on completion day and it cannot be added to your mortgage. Know the amount before you make an offer.
-
The exact tax
Worked out bracket by bracket, using the current BC rates.
-
Exemptions you may get
First-time buyer and newly built home exemptions can save you thousands.
-
Who qualifies
A plain summary of the rules, so you can check if the exemption applies to you.
How to use the property transfer tax calculator.
It only takes a couple of minutes. Every result updates while you type.
Want me to check your numbers? Book a free call
-
Enter the price
Usually the purchase price, also called the fair market value.
-
Choose what applies
Tap first-time buyer, newly built home or foreign buyer if they apply to you.
-
See the tax and savings
The calculator shows the tax to pay and how much an exemption saves you.
-
Plan your cash
Add the tax to the cash you need on completion day.
How it is calculated
Tax by bracket
Who qualifies for the exemptions
Where these numbers come from
Every rule in this calculator is taken from these official pages.
- Property transfer taxTax rates of 1%, 2%, 3% and the extra 2% over $3 million on residential property.
- First-time home buyers' exemptionFull exemption to $835,000, partial to $860,000, on the first $500,000.
- Newly built home exemptionFull exemption to $1.1 million, partial to $1.15 million.
- Additional property transfer taxThe 20% additional tax for foreign buyers.
Property transfer tax calculator: good questions to ask.
Short, plain answers. Still have questions? Ask me anything on a free call.
Still have a question? Book a free call 778 900 1010
When do I pay property transfer tax?
On completion, when the property is registered in your name at the Land Title Office. Your lawyer or notary collects it and pays it for you.
Can I add property transfer tax to my mortgage?
No. It has to be paid in cash on completion, along with your down payment and legal fees.
Do I have to pay it back if I move out?
If you claimed an exemption and do not meet its conditions, such as moving in within 92 days or living there for the first year, you may have to repay some or all of it.