Land Transfer Tax Calculator

 

Land Transfer Tax


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Under the Land Titles system in effect in Manitoba, the Province keeps a registry of land titles. Transferees are required to pay land transfer tax, with some exceptions, and a registration fee upon registration of transfer of title at the nearest land titles office.


Land transfer tax is calculated based on the fair market value of realty on the date of registration of a transfer of title and calculated as follows:


Value of property

Rate

On the first $30,000
0%
On the next $60,000
(i.e. $30,001 to $90,000)

.05%

On the next $60,000
(i.e.$90,001 to $150,000)
1.0%
On the next $50,000
(i.e. $150,001 to $200,000)
1.5%
On amounts in excess of $200,000
2.0%

For more information on the land transfer tax, contact the

Winnipeg Land Titles Office
276 Portage Avenue
Winnipeg MB R3C OB6

http://www.gov.mb.ca/tpr/landtitles.html

In Winnipeg - (204) 945-2042


Source:  https://www.gov.mb.ca/finance/other/landtransfertax.html


This calculator is a preliminary tool. Be sure to discuss mortgage options with your mortgage professional. If you don't have a mortgage professional (someone who's only task is arranging mortgages) I can recommend several options so that you have the best professionals working for you.

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