NWT Land Transfer Tax

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

NWT land transfer tax calculator

Asking Price

STEP 1

Enter the price of the home you're interested in and press GO.

Land Transfer Tax: $-			STEP 4 If necessary, update your profile to calculate land transfer tax. Profile Location: I am a first-time home buyer I am buying a newly built home
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

Land Transfer Tax $-
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
*You will be required to pay a title transfer fee.
STEP 4 If necessary, update your profile to calculate land transfer tax. Profile
Location
I am a first-time home buyer
I am buying a newly built home

Provider	Rate	Select
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Custom rate		Select

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Northwest Territories land transfer tax rates – Updated in 2016¹

The land transfer tax in the Northwest Territories are charged on the property value and the mortgage amount. The land transfer tax rates are as follows:

On the property value	Tax amount
$1,000,000 and less	$$1.50 for every $1,000 or part thereof (minimum charge of $100).
Greater than $1,000,000	$1,500 plus $1.00 for every $1,000 or part thereof greater than $1,000,000.
On the mortgage amount	$1.00 for every $1000 or part thereof (minimum charge of $80).

NWT land transfer tax calculation example

If you are purchasing a $1,005,500 home with a 20% down payment and $804,400 mortgage amount:

Northwest Territories land transfer tax

( ^$1,005,500 property value ^$1,000,000 lower tax bracket) ÷ ^$1,000 portion of value =

6 taxable portions (rounded up)

^$1,500 upper marginal tax bracket ( 6 taxable portions (rounded up) ^$1.00 lower marginal tax bracket) =

^$1,506 land transfer tax

Land transfer tax on mortgage amount

^$804,400 mortgage amount ÷ ^$1,000 portion of value =

805 taxable portions (rounded up)

805 taxable portions (rounded up) ^$1.00 tax amount =

^$805 land transfer tax

Land transfer tax on mortgage amount

^$1,506.00 tax on property value ^$805.00 tax on mortgage amount =

^$2,311 total land transfer tax

Source: Government of North West Territories, "Land Titles Fees"

References and Notes

Source, Government of North West Territories, 'Land Titles Fees'