Prince Edward Island Land Transfer Tax Calculator

Work out the land transfer tax on a home in Prince Edward Island, with any first-time buyer rebate.

Home price

Province or territory

First-time buyer

Assessed value

If it's higher than the price

Land transfer tax

$7,000

1.00% of the price

PEI real property transfer tax: $7,000

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.

Next step

How it’s worked out

PEI real property transfer tax
Over $0	1%	$7,000.00
To pay		$7,000.00

Prince Edward Island at a glance

Prince Edward Island charges real property transfer tax of 1% of the price or the assessed value, whichever is higher. First-time buyers who’ll live in the home pay none, at any price.

Assumptions in this estimate

First-time buyers must meet residency rules and live in the home as their main residence.
Lawyer or notary fees, title insurance and land registration fees aren’t included unless shown.

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Prince Edward Island land transfer tax at a glance

Prince Edward Island charges real property transfer tax of 1% of the price or the assessed value, whichever is higher. First-time buyers who’ll live in the home pay none, at any price.

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.

Source: PEI: Real Property Transfer Tax Act

Notes for Prince Edward Island

First-time buyers must meet residency rules and live in the home as their main residence.

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