Calculate the real property transfer tax on your home purchase in New Brunswick. New Brunswick charges a straightforward flat rate of 1% on the assessed value of the property, making it one of the simpler land transfer tax calculations in Canada.
New Brunswick Land Transfer Tax Rate
New Brunswick charges a flat real property transfer tax of 1% on the assessed value of the property.
| Assessed Property Value | Tax Rate |
|---|---|
| All values | 1.0% |
How to Calculate New Brunswick Transfer Tax
The calculation is straightforward — multiply the assessed property value by 1%.
Example: For a property assessed at $250,000:
- $250,000 x 1% = $2,500
Note that the tax is based on the assessed value determined by Service New Brunswick, which may differ from the purchase price.
First-Time Homebuyer Programs
New Brunswick does not currently offer a first-time homebuyer exemption for the real property transfer tax. First-time buyers can take advantage of federal programs including:
- Home Buyers’ Plan (HBP): Withdraw up to $60,000 from your RRSP tax-free for a first home purchase
- First Home Savings Account (FHSA): Save up to $40,000 tax-free for your first home
- Home Buyers’ Tax Credit: Federal non-refundable tax credit of up to $1,500
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.