Yukon Land Transfer Tax

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

Yukon land transfer tax calculator

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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 Yukon – Updated in 20161

The cost of the land transfer tax is based on an Assurance Fee, Transfer Fees, and Mortgage Fees as described below.

Fee #1: Assurance Fees

This fee is only applicable if your purchase price is greater than the value of the property at the time of its last transfer, in which case you would incur the following fees:

• $20 for: First $10,000 of additional declared value

• $10 for: Each additional $10,000 onwards of additional declared value

For example, if you recently purchased a property for $100,000 but its value at the time of the last transfer was $80,000, there will be an additional $20,000 of declared value. Therefore, your assurance fee will be $30 ($20 on the first $10,000 and $10 on the remaining $10,000).

Fee #2: Transfer Fees

When purchasing a property, you will also need to pay a flat title transfer fee, which will depend on the purchase price of your property. See the rates below to find the fee that applies to the value of your property.

Property value Flat Fee
Less than $100,000 $50.00
$100,000 or more but less than $500,000 $150.00
$500,000 or more but less than $3,000,000 $350.00
$3,000,000 or more but less than $10,000,000 $550.00
$10,000,000 or more $650.00

Fee #3: Mortgage Fees

The flat fee you will pay on your mortgage depends on the value of the mortgage you take out. See the chart below for the fee that applies with the value of your mortgage.

Mortgage Value Flat Fee
Less than $100,000 $50.00
$100,000 or more but less than $500,000 $100.00
$500,000 or more but less than $1,000,000 $200.00
%1,000,000 or more but less than $5,000,000 $400.00
$5,000,000 or more but less than $10,000,000 $600.00
$10,000,000 or more but less than $20,000,000 $800.00
$20,000,000 or more $1,000.00

Yukon land transfer tax example calculation

Let’s assume you are purchasing a house for $200,000 and the value of the house at the time of its last transaction was $180,000. Let's also assume that you will require a $190,000 mortgage to purchase this property.

Yukon land transfer tax
$30 Assurance Fees $150 Transfer Fees $100 Mortgage Fees =
$280 total land transfer tax

References and Notes

  1. Source, Land Titles Office, Department of Justice, Yukon Territory