Land Transfer Tax Calculator British Columbia
Calculate BC Property Transfer Tax (PTT) for any property purchase in British Columbia. Includes first-time buyer rebate, non-resident surcharge, and bracket breakdown. Updated for 2026 (Federal only).
British Columbia
BC Property Transfer Tax (PTT)
BC has full FTB exemption up to $500k (April 2024 onwards), partial up to $835k. Foreign Buyer Tax 20% applies in Vancouver and other speculation regions.
BC Property Transfer Tax (PTT) payable
$17,600
Effective rate: 1.80% of the property price
Bracket-by-bracket breakdown
| Price band | Rate | Taxed in this band | Tax |
|---|---|---|---|
| $0 – $200,000 | 1.0% | $200,000 | $2,000 |
| $200,000 – $2,000,000 | 2.0% | $780,000 | $15,600 |
| Total | $980,000 | $17,600 |
British Columbia brackets
| Price band | Standard rate | First-time buyer rate |
|---|---|---|
| $0 – $200,000 | 1.00% | 0% (rebate / exemption) |
| $200,000 – $2,000,000 | 2.00% | — |
| $2,000,000 – $3,000,000 | 3.00% | 3.00% |
| $3,000,000 – above | 5.00% | 5.00% |
BC has full FTB exemption up to $500k (April 2024 onwards), partial up to $835k. Foreign Buyer Tax 20% applies in Vancouver and other speculation regions.
Non-resident surcharge
20% of the purchase price applies on top of regular LTT for foreign buyers (non-Canadians who aren't permanent residents). On a $1M home, that's an extra $200,000 in tax — calculated on the FULL price, not just the portion above a threshold.
Compare with other jurisdictions
Ontario (provincial)
Ontario Land Transfer Tax
Toronto (provincial + MLTT)
Ontario LTT + Toronto Municipal LTT
Manitoba
Manitoba Land Transfer Tax
Nova Scotia
Nova Scotia Deed Transfer Tax
New Brunswick
NB Real Property Transfer Tax
Prince Edward Island
PEI Real Property Transfer Tax
Quebec
Quebec Welcome Tax (Droit de mutation)
Related Canada calculators
Frequently Asked Questions
How is BC Property Transfer Tax (PTT) calculated?▾
BC Property Transfer Tax (PTT) uses progressive brackets applied to the purchase price. Each portion of the price is taxed at its band's rate (not your highest rate applied to the whole amount). See the bracket table above for the exact rates. BC has full FTB exemption up to $500k (April 2024 onwards), partial up to $835k. Foreign Buyer Tax 20% applies in Vancouver and other speculation regions.
Who qualifies for the first-time buyer exemption in British Columbia?▾
BC FTB exemption requires: Canadian citizen or permanent resident, lived in BC for 12+ consecutive months OR filed 2 BC tax returns in the past 6 years, never owned property anywhere in the world, and intent to occupy as principal residence for at least 1 year. Full exemption up to $500,000 (April 2024+), partial up to $835,000.
What's the non-resident surcharge in British Columbia?▾
BC's Foreign Buyer Tax is 20% of the purchase price for non-Canadian, non-PR buyers in designated speculation regions (Metro Vancouver, Fraser Valley, Capital, Nanaimo, Central Okanagan). On a $1M home, that's $200,000 ON TOP of regular PTT. Applies regardless of where the buyer lives if they're a foreign national.
When is LTT paid in British Columbia?▾
At closing (settlement). Your lawyer handles the LTT calculation, applies any FTB rebate you're entitled to, and remits to the appropriate revenue authority. You'll need to bring LTT in CASH to closing — it can't be added to your mortgage. Budget LTT alongside your down payment, closing costs ($1,500-$3,000 legal), and title insurance.
Can I get my LTT refunded if I move out?▾
Most FTB rebates require continuous occupancy as your principal residence for a minimum period (typically 9-12 months). If you move out earlier without an exceptional reason (job relocation, marriage breakdown, medical), the revenue authority may claw back the rebate. Always document any unusual circumstances.
Does British Columbia LTT apply to condos, vacant land, and commercial property?▾
British Columbia LTT applies to most residential AND commercial property transfers. Condo purchases are taxed at the same rate as detached homes. Vacant land is also taxed (you pay LTT on the land value at purchase). Some agricultural land and farmland purchases qualify for reduced rates or exemptions — check with your lawyer.