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LAND TRANSFER TAXES (LLT)
Understanding Land Transfer Taxes (LTT) and Associated Fees
Land transfer taxes (LTT) are fees paid to provincial or municipal governments (or both) when transferring property ownership. These costs are crucial considerations for homebuyers before finalizing a property purchase.
How to Avoid Land Transfer Taxes?
First-time homebuyers may qualify for rebates in several provinces:
- Ontario (including Toronto)
- British Columbia
- Prince Edward Island (PEI)
Land Transfer Taxes vs. Title Transfer Fees
While most provinces levy LTT, some jurisdictions may have title transfer fees and/or mortgage registration fees instead.
- Most provinces handle LTT at the provincial level.
- Quebec and Nova Scotia have municipal-based LTT structures.