Property transfer tax calculator
Use this calculator to find out how much transfer tax will be payable when you buy your home.
If you’re a first-time home buyer, or the home is newly built, you might qualify for an exemption. Depending on the value of the home this can save you a lot of money!
FAQ
Is this up to date for the 2024 changes?
Yes, this calculator is updated to take into account the April 2024 changes to the exemption rules, and assumes a registration date of April 1 2024 or later.
Why isn’t the exemption applying?
Even if you otherwise qualify, there’s no exemption if the value of the home is greater than the maximum for the exemption, which is $860,000 for first-time buyers, and $1,150,000 for newly-built homes.
Does this calculator work for commercial property?
No, this calculator covers only residential property.
Where can I get more information?
The Government of BC website is the best place to look.
Or you can give us a call to discuss the specifics of your situation.
My situation is more complicated!
This calculator is designed to cover only simpler cases.
Things get more tricky if, for example, only some of a group of buyers qualifies for an exemption, or if the property is not residential, or if other exemptions not covered by the calculator apply.
Please call us to discuss the specifics of your situation, and we’ll do our best to make it less complicated!
