BC Property Transfer Tax Calculator

The buyer pays PTT when the transfer is registered at the Land Title Office. Your lawyer or notary usually collects it with your closing funds.

1% on the first $200,000, 2% from $200,000 to $2,000,000, 3% above $2,000,000, plus a further 2% on the residential part of the value above $3,000,000. A $1,000,000 home pays $18,000.

You must be a Canadian citizen or permanent resident, have lived in BC for 12 months (or filed BC income tax returns for 2 of the last 6 years), have never owned a principal residence anywhere in the world, and have never claimed the exemption. A full exemption applies if the fair market value is $835,000 or less; a partial exemption applies up to $860,000.

It applies to a new home used as your principal residence, with a full exemption up to $1,100,000 and a partial exemption up to $1,150,000. Confirm eligibility with your lawyer; this calculator treats it as an alternative to the first-time buyer exemption.

Yes. Foreign nationals and foreign corporations pay an additional 20% property transfer tax on the fair market value of their share, on top of the regular tax.