New Brunswick Land Transfer 2026
New Brunswick Flag 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 when a deed transferring real property is registered. Real property includes land and interests in land, as well as a mobile home if it is assessed as real property under the Assessment Act. In New Brunswick, the Real Property Transfer Tax is generally 1% of the greater of the consideration for the transfer or the assessed value of the property for deeds registered on or after April 1, 2016. An exception applies to agreements of purchase and sale executed before February 3, 2016, which remain subject to the previous 0.5% rate. 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 is the value of the real property at the time the deed is registered, as taken or extrapolated from the current real property assessment list by the Executive Director of Assessment under the Assessment Act. There are no rebates for first-time home buyers.
New Brunswick Land Transfer Tax Calculator
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 marital property is transferred from a married person to their spouse, from a married person to themselves and their spouse, or from spouses jointly to one of the spouses
- If the property is transferred to a Crown Corporation
- If the property is transferred solely for the purpose of securing a debt or loan, or if a creditor reconveys property that had been held as security for a debt or loan
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
New Brunswick Land Transfer Tax Rates
The Land Transfer Tax in New Brunswick is a flat rate, meaning the rate doesn't increase as the property value rises. For properties that were transferred after 2016, there is a 1% transfer tax. The Real Property Transfer Tax is calculated as 1% of the greater of the consideration paid for the property or its assessed value. For example, if a property has an assessed value of $300,000 and is purchased for $350,000, the tax would be $3,500 because the purchase price is higher. There are no exemptions for first-time home buyers, and no rebates are available.
| Registration / Agreement Date | Tax Rate |
|---|---|
| Deed registered before June 1, 2012 | 0.25% |
| Deed registered from June 1, 2012 to March 31, 2016 | 0.5% |
| Deed registered on or after April 1, 2016 | 1.0% |
| Agreement of purchase and sale executed before February 3, 2016 | 0.5%, regardless of when the deed is registered |
Note: Earlier transitional rules may apply to agreements executed before March 28, 2012.
Who Pays Land Transfer Tax in New Brunswick?
The purchaser pays the Real Property Transfer Tax. The tax must generally be paid before the deed is registered. For deeds registered electronically, the tax is paid electronically in the manner approved by the Minister.
The Real Property Transfer Tax must be paid as part of the deed registration process. If the deed is registered electronically, the tax must be paid electronically at the time and in the manner approved by the Minister.
What Happens If You Don't Pay?
If any Real Property Transfer Tax remains unpaid, interest is added beginning on the day the deed is registered. The prescribed interest rate is 1.5% per month, compounded monthly, equivalent to 19.56% per year. Unpaid tax and interest may also become a lien on the property.
Visit our Canada Land Transfer Tax page to find out more information about land transfer and other taxes accross Canada.
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