Work out the land transfer tax on a home in New Brunswick, with any first-time buyer rebate.
If it's higher than the price
Land transfer tax
$7,000
1.00% of the price
What this means
Land transfer tax works in slices: each rate applies only to the part of the price in its band, which is why bigger homes pay a higher share.
It’s due in cash at closing and can’t be added to your mortgage, so save for it.
| Over $0 | 1% | $7,000.00 |
| To pay | $7,000.00 | |
New Brunswick charges real property transfer tax of 1% of the price or the assessed value, whichever is higher.
New Brunswick charges real property transfer tax of 1% of the price or the assessed value, whichever is higher.
The tax is usually paid by your lawyer or notary when the sale closes, so you need it in cash on top of your down payment. Use the calculator above to see the exact amounts for your home.