Land Transfer Tax
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:
|
|
On the first $30,000
|
0% |
On the next $60,000
(i.e. $30,001 to $90,000)
|
0.5% |
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
Teranet Manitoba
500-200 Graham Avenue
Winnipeg MB R3C 4L5
Email: clientservice@teranet.caTelephone: 1 (844) 737-5684 (toll free, all offices)