Calculate the land transfer tax on your home purchase in Manitoba. Manitoba uses a progressive tiered system with rates ranging from 0% on the first $30,000 to 2% on amounts over $200,000. Land transfer tax is a key closing cost to consider when buying a home in Manitoba.
Manitoba Land Transfer Tax Rates
Manitoba land transfer tax is calculated using a progressive tiered system based on the property’s fair market value.
| Property Value | Marginal Tax Rate |
|---|---|
| First $30,000 | 0% (exempt) |
| $30,001 to $90,000 | 0.5% |
| $90,001 to $150,000 | 1.0% |
| $150,001 to $200,000 | 1.5% |
| Over $200,000 | 2.0% |
How to Calculate Manitoba Land Transfer Tax
Let’s calculate the land transfer tax on a $300,000 home in Manitoba.
The first $30,000 is exempt (0%):
- $30,000 x 0% = $0
$30,001 to $90,000 is taxed at 0.5%:
- $60,000 x 0.5% = $300
$90,001 to $150,000 is taxed at 1.0%:
- $60,000 x 1.0% = $600
$150,001 to $200,000 is taxed at 1.5%:
- $50,000 x 1.5% = $750
$200,001 to $300,000 is taxed at 2.0%:
- $100,000 x 2.0% = $2,000
Total Manitoba LTT: $0 + $300 + $600 + $750 + $2,000 = $3,650
First-Time Homebuyer Programs in Manitoba
Manitoba does not currently offer a first-time homebuyer rebate for land transfer tax. However, the first $30,000 of every property purchase is exempt from LTT, providing some relief for all buyers.
First-time buyers may also benefit from the federal Home Buyers’ Plan (HBP) for RRSP withdrawals and the First Home Savings Account (FHSA).
Land Transfer Tax in Other Provinces
Land transfer tax rates and rules vary across Canada. See our Land Transfer Tax Calculator for rates in all provinces and territories.