Newfoundland Land Transfer Tax 2021

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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

Newfoundland
Total Tax$200.00
Mortgage Registration Fee$100.00
Property Registration Fee$100.00

Comparison of Newfoundland Land Transfer Taxes with Other Provinces

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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.

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The calculators and content on this page are 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.