Property Transfer Tax Calculator

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Standard Calculator

The first calculator is what we call our standard calculator. This is to be used if the Buyer is not a First Time Home Buyer, or if they are purchasing a used home, not a new one.

Spagnuolo PTT Calculator
Enter Fair Market Value:
Tax on amount under $200,000:
Tax on amount over $200,000 & Less than $2,000,000:
Tax on amount over $2,000,000:
Total Tax:

First Time Home Buyer Exemption

The second calculator is to be used if the Buyer is a First Time Home Buyer. Just a reminder, a FTHB means the Buyer

  • has never have owned an interest in a principal residence anywhere in the world at any time;
  • is a citizen of or a permanent resident of Canada;
  • resided in B.C. for 12 consecutive months immediately before the date they become the registered owner, or the Purchaser has filed two income tax returns as a British Columbia resident within the prior 6 years of becoming the owner;
  • moves into the property within ninety-two days after registration of the purchase of the property and reside in the property for at least one year.
Spagnuolo First Time Home Buyers Exemption Calulator
Enter Property Value:
Exemption Amount:
Tax Payable:

Newly Built Home Buyer Calculator

The third calculator is to be used if the Buyer is purchaser a Newly Built Home. To qualify for this exemption, the following criteria must be met:

The property must be newly built, as defined in the legislation

  • The Buyer must be an individual and a Canadian citizen or permanent resident;
  • The property must used as the principal residence of the Buyer, who must move into the property within ninety-two days after registration of the purchase of the property and reside in the property for at least one year;
  • The property must be 1.24 acres or smaller.
Spagnuolo Newly Built Home Exception Calulator
Enter Property Value:
Exemption Amount:
Tax Payable: