New Brunswick Land Transfer Tax

Location Please ensure your location is correct in order to find the best rates available in your area.

When you a buy a house, condo or land in New Brunswick 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 New Brunswick's 2017 rates below and follow along with our sample calculation.

New Brunswick land transfer tax calculator

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Land Transfer Tax: $-
 
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Provincial: Provincial Land transfer tax (LTT), typically calculated as a percentage of the purchase price of a home, is required when purchasing a home in Canada. All provinces have a LTT, and the amount varies in each province. plus
 
Municipal: Municipal Some municipalities, like Toronto, levy an additional LTT, which is similarly calculated as a percentage of the purchase price of a home. plus
 
Rebate: Rebate If you are a first-time home buyer in British Columbia or Ontario, you will be eligible for LTT rebates, equal to the value of the LTT up to a maximum amount set by the province. minus
 

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Land transfer tax rates in New Brunswick – Updated in 20161

The New brunswick land transfer tax rates are as follows:

Land transfer tax First-time home buyer rebate
1.00% of your property's assessed value or 1.00% of the purchase price, whichever is greater of the two values. There is no land transfer tax rebate in New Brunswick.

Example land transfer tax calculation - New Brunswick

Let’s assume you are purchasing a house assessed to be worth $100,000, but your purchase price was $90,000. Since the assessed value is the greater of two values in this example, it will be used to calculate your land transfer tax.

New Brunswick land transfer tax sample calculation
$100,000 assessed property value 1.00% tax rate =
$1,000 land transfer tax

References and Notes

  1. Source, Public Legal Education and Information Service of New Brunswick