What is Property Transfer Tax?

The property transfer tax is a Provincial Government tax for purchasers of real estate. The tax applies to all types of real estate, whether residential, commercial, or industrial.

The amount of the Property Transfer Tax is 1% on the first $200,000 of the property’s fair market value and 2% on the remaining fair market value.

Fair Market Value

$450,000

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$900,000

1% of First $200,000

$2,000

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$2,000

2% of Remainder

$5,000

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$14,000

Total Tax

$7,000

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$16,000

For a calculator and more information, go to the Government of BC’s page.