Newfoundland Flag Newfoundland and Labrador does not have a conventional land transfer tax. Instead, the province charges land registration fees when a conveyance of land is registered with the Registry of Deeds. A registration fee applies to the conveyance based on the value of the property. If a notice of mortgage is also registered, a separate registration fee applies based on the amount of indebtedness secured by the mortgage. The maximum registration fee for a notice of mortgage is $5,000. There is no $5,000 maximum specified for the registration fee on a conveyance of land. The property will not be registered until the fee is paid in full.
A registration fee is not payable for an instrument registered by or on behalf of the Crown. A fee is also not payable for an instrument registered by or on behalf of a non-profit airport authority with respect to property transferred to it under the National Airport Policy.
| Property Value | Registration Fee |
|---|---|
| $500 or less | Flat fee of $100 |
| Above $500 | $100 plus $0.40 for each additional $100 or part of $100 above $500 |
| Mortgage Value | Registration Fee |
|---|---|
| $500 or less | Flat fee of $100 |
| Above $500 | $100 plus $0.40 for each additional $100 or part of $100 above $500, to a maximum registration fee of $5,000 |
Visit our Canada Land Transfer Tax page to find out more information about land transfer and other taxes accross Canada.
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