PEI Land Transfer Tax 2026
Prince Edward Island Flag Prince Edward Island Land Transfer Tax
Prince Edward Island's land transfer tax, officially called the Real Property Transfer Tax, generally applies when a deed transferring real property is registered, unless an exemption applies. Real property includes land, including land covered by water; land and buildings or structures situated on it; certain machinery, installations and equipment affixed to buildings; bulk storage tanks and connected pipelines; and certain utility and telecommunications infrastructure. The buyer of real property must file an Affidavit of Purchaser with the Registrar of Deeds and under the Real Property Transfer Tax Act must pay a tax at the time of registration. The Affidavit of Purchaser inquires the name and address of the purchaser along with other information, and the tax is charged as 1% of the higher of the purchase price or assessed value of the property.
PEI Land Transfer Tax Calculator
Exemptions from the Real Property Transfer Tax
There are many cases that will allow the purchaser to be exempt from the tax. These cases include:
- If the property is valued at less than $30,000
- If you are an eligible first-time homebuyer who is a Canadian citizen or permanent resident, meets PEI's residency or provincial income-tax filing requirements, has not previously owned a registered interest in a property that was their principal residence, has not previously received the PEI first-time homebuyer exemption, and intends to use the property as their principal residence
- The property is transferred to an eligible family member without consideration exceeding $1
- If the property is transferred to a spouse or former spouse as a result of a marriage breakdown under a written separation agreement or court order made under the Family Law Act
- Certain transfers involving wholly owned corporations may be exempt, including transfers from a person to a corporation they wholly own, from a corporation to an individual who wholly owns it, and between corporations that are wholly owned by the same person
Other exemptions may apply, including certain estate, trust, mortgage, government, municipal, registered non-profit organization, bankruptcy, and corrective deed transfers. Details can be obtained from PEI Taxation and Property Records.
Comparison of PEI Transfer Taxes with Other Provinces
Prince Edward Island Land Transfer Tax Rate
| Greater of Purchase Price or Assessed Value | Real Property Transfer Tax Rate |
|---|---|
| $30,000 or less | 0% (exempt) |
| More than $30,000 | 1.0% |
Note: For a property above $30,000, the 1% tax applies to the full greater amount, not just the portion above $30,000.
Visit our Canada Land Transfer Tax page to find out more information about land transfer and other taxes accross Canada.
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