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Newfoundland Land Transfer Tax 2020

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What is land transfer tax?

The Land Transfer Tax for Newfoundland, also called introduced by the government of Newfoundland as the Registration of Deeds Prescribed Fees , is amongst the lowest in Canada as the housing prices are relatively low. The total fee consists of two parts: one based on the value of the property and one based on the mortgage amount. In short, both fees are charged at a base fee of $100 to cover for a sale price of $500 and an additional $0.40 for each $100 after that. The maximum fee payable is $5,000. The property will not be registered until the fee is paid in full.

Although there is no rebate for first-time home buyers, you may be exempt from the tax if the property is being registered on behalf of the Crown or on behalf of a non-profit airport authority.

Newfoundland Land Transfer Tax Calculator

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Newfoundland
Total Tax$200.00
add_circleMortgage Registration Fee$100.00
add_circleProperty Registration Fee$100.00

Comparison of Newfoundland Land Transfer Taxes with Other Provinces

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

Lower than the Major Banks

2.59%
2.57%
2.37%
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.

Newfoundland Land Transfer Tax Rates

Tax on Property Value

Property Value Marginal Tax Rate
Less than $500 Flat fee of $100
Above $500 $100 plus an additional $0.40 for every $100 of part of $100 after

Tax on Mortgage Value

Mortgage Value Marginal Mortgage Fee Rate
Less than $500 Flat fee of $100
Above $500 $100 plus an additional $0.40 for every $100 of part of $100 after

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.