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When you a buy a house, condo or land in Manitoba you are subject to land transfer tax which is due upon closing. Use Ratehub.ca’s calculator to determine your applicable land transfer tax or view Manitoba's current rates below and follow along with our sample calculation.
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Content last updated: June 9, 2020
As with most of Canada's provinces, Manitoba charges a land transfer tax on all property transactions (the only provinces that don't charge a land transfer tax are Alberta and Saskatchewan). There's also a $70 registration fee payable on all transactions. This tax is due at the time of purchase and will need to be paid in cash. As a result, Manitoba land transfer taxes are often one of the largest closing costs homebuyers need to pay.
As with land transfer taxes in other provinces, Manitoba charges a marginal tax, with the rate increasing with the property purchase price.
Purchase price of home | Marginal tax rate | First-time home buyer rebate |
---|---|---|
First $30,000 | 0.0% | There is no land transfer tax rebate in Manitoba. |
$30,001 - $90,000 | 0.5% | |
$90,001 - $150,000 | 1.0% | |
$150,001 - $200,000 | 1.5% | |
Over $200,000 | 2.0% |
Unlike some other provinces, Manitoba does not offer a rebate of land transfer taxes for first-time homebuyers. There are, however, several first time home buyer programs available at the federal level that would-be homeowners in Manitoba can take advantage of.
One of the best ways to understand the impact of Manitoba land transfer tax is by looking at an example. Let's assume you're purchasing a home worth $200,000: