Prince Edward Island land transfer tax calculator.
Flat 1.0% on the greater of purchase price or assessed value. Estimate the transfer tax or registration fees for your property and buyer status.
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Enter the higher of price or assessed value where the province requires it, then select your location and buyer status. The result is a tax or registration estimate, not your full closing budget. Other closing costs are excluded.
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How land transfer tax works in Prince Edward Island
Real Property Transfer Tax is a one-time tax the buyer pays when title changes hands. It is due at registration, must be paid in cash, and cannot be added to your mortgage. Flat 1.0% on the greater of purchase price or assessed value. Calculated at closing. The flat rate applies to the greater of price or assessed value.
First-time buyer relief in Prince Edward Island
First-time buyers are exempt from the Real Property Transfer Tax entirely, with NO purchase-price limit — there is no price cap. Eligibility turns on Canadian citizenship or permanent residence, six months of principal residence in PEI (or two of the last six years filed here), never having owned a principal residence anywhere, and not having claimed the exemption before. Every buyer on the deed must qualify. The tax is waived at registration; you must live in the home for at least 183 days afterward or repay it.
This is not the total cash needed to close. Other closing costs are excluded. Legal fees and other charges must be budgeted separately.
Fold it into your closing budget
Budget separately for legal fees and other charges. once you know it, add it to your full closing costs estimate alongside legal fees, title insurance and moving costs. First-time buyer? The first-time buyer guide covers the FHSA, the RRSP Home Buyers’ Plan, and how they stack. See Prince Edward Island mortgage rate.
How this is calculated
Real Property Transfer Tax is payable at registration, in addition to your down payment and other closing costs.
How much is land transfer tax in Prince Edward Island?
Do first-time buyers get a rebate in Prince Edward Island?
When do I pay Prince Edward Island real property transfer tax — and can I finance it?
Does my down payment or mortgage size change the real property transfer tax?
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