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New Brunswick Land Transfer Tax 2020

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New Brunswick Land Transfer Tax

The Land Transfer Tax for New Brunswick was introduced in 1983, under the Real Property Transfer Tax Act. The tax applies to all legal property including mobile homes. In New Brunswick, the Land Transfer Tax is merely 1% of the greater of the assessed value of the property or consideration for the transfer for all property with a transfer registration date after April 1, 2016. If registered between June 1, 2012 and March 31, 2016, you will be taxed at a rate of 0.5%. If registered prior to June 1, 2012, the tax rate is 0.25%. The assessed value of the property is determined by the real value of the property at the time of registering the transfer. There are no rebates for first-time home buyers.

New Brunswick Land Transfer Tax Calculator

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New Brunswick
Total Tax$0.00
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Our calculator uses the most recent rate of 1% . If your property transfer was registered before April 1st, 2016, check the rates in our table below.

Exemptions from the Land Transfer Tax

You may be exempt from paying the Land Transfer Tax if:

  • Your transfer is for a lease that lasts for under 25 years
  • The property is transferred between executor to a beneficiary under a will
  • If the property is transferred between spouses
  • If the property is transferred to a Crown Corporation
  • If the property was transferred to pay off a loan or debt

Other conditions may also apply, and details can be found by contacting your nearest Land Registration Office.

Comparison of New Brunswick Land Transfer Taxes with Other Provinces

Land transfer tax comparison of all Canadian provinces for a $500K property in 2020
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Save over $10,000 on your mortgage.
2.08%*5-Year Fixed

Lower than the Major Banks

2.37%
2.57%
2.19%
2.59%

* For mortgages of at least $500,000 with down payment under 20%.
WOWA assumes no liability for the accuracy of information presented.
† For mortgages of at least $500,000 over a 25-year amortization period.

New Brunswick Land Transfer Tax Rates

Condition Tax Rate
If the property transfer was registered before June 1, 2012 or the sale agreement was signed before March 28, 2012 0.25%
If the property transfer was registered between June 1, 2012 and March 31, 2016 or the sale agreement was signed before February 3, 2016 0.5%
If the property transfer was registered on or after April 1, 2016 1.0%

Visit our Canada Land Transfer Tax page to find out more information about land transfer and other taxes accross Canada.

This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of information shown, and is not responsible for any consequences of the use of the calculator.
* Rates shown are on approved credit and subject to change without notice.