Manitoba Land Transfer Tax 2020
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Manitoba Flag What is land transfer tax?
When buying a home, many people overlook the significant cost of land transfer tax. When you acquire a property (and the land it rests on), you must pay a tax to the government after the transaction closes. The amount paid depends on the value of your property. Our calculator shows you how much you can expect to pay and why.
Manitoba Land Transfer Tax Calculator
| Total Tax | $ | 70.00 | |
|---|---|---|---|
| Provincial | $ | 0.00 | |
| Registration Fee | $ | 70.00 |
Comparison of Manitoba Land Transfer Taxes with Other Provinces
History Manitoba Land Transfer Tax
Introduced by the Manitoba provincial government in 1987, the Land Transfer Tax is due upon closing and must be paid on top of the registration fee based on the market value of the property on the date of registration when buying a property or land. There is no tax paid on the first $30,000 and the rest is applied on a sliding-scale; The Land Title Office (LTO) collects and remits the tax when you visit the office to register the transfer of property. The requirement is derived from Part III of The Tax Administration and Miscellaneous Taxes Act. There is no tax rebate for first-time home buyers, but Manitoba’s fees are much lower than other provinces.
Manitoba Land Transfer Tax Rates & Rebates
| Purchase Price of Home | Land Transfer Marginal Tax Fee |
|---|---|
| First $30,000 | 0.0% |
| $30,000 to $90,000 | 0.5% |
| $90,000 to $150,000 | 1.0% |
| $150,000 to $200,000 | 1.5% |
| Over $200,000 | 2.0% |
Exemptions from the Tax
Under the following circumstances, the Land Transfer Tax does not have to be paid:
- If the transfer is farmland bought by a farmer or family farm corporation and the land will continue to serve farming purposes
- If the transferee is a registered charity
- If the transfer is made to benefit an Indian band under the Indian Act
- If the transfer is made to shareholders of a dissolved corporation
- If the transfer is made to a spouse for non-commercial property
There may be few other cases that are subject to exemptions and details can be found by contacting the Land Title Office.
Visit our Canada Land Transfer Tax page to find out more information about land transfer and other taxes accross Canada.