How much is land transfer tax in New Brunswick?

New Brunswick charges a flat real property transfer tax of 1% on the assessed value of the property. For example, the transfer tax on a property assessed at $300,000 would be $3,000.

Is there a first-time homebuyer exemption in New Brunswick?

New Brunswick does not offer a first-time homebuyer exemption for the real property transfer tax. However, first-time buyers may benefit from federal programs such as the Home Buyers' Plan (HBP) and the First Home Savings Account (FHSA).

What value is the New Brunswick transfer tax based on?

The New Brunswick real property transfer tax is based on the assessed value of the property as determined by Service New Brunswick, not necessarily the purchase price. The assessed value may differ from the market value or sale price.

When is New Brunswick property transfer tax paid?

The real property transfer tax is paid when the property deed is registered with the Land Registry Office, which is typically handled by your lawyer on the closing date.

New Brunswick Land Transfer Tax Calculator

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.

Land Transfer Tax

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

Other Closing Costs in New Brunswick

The real property transfer tax is just one of several closing costs when purchasing a home in New Brunswick. Other expenses include legal fees, title insurance, home inspection fees, property tax and utility adjustments, and mortgage default insurance if your down payment is less than 20%. New Brunswick’s relatively affordable housing market means closing costs are generally lower here than in larger provinces, but it is still important to budget for them. Use our closing costs calculator to estimate the total cost of buying a home in New Brunswick, and our mortgage calculator to calculate your expected monthly payments.

Land Transfer Tax in Other Provinces

Land transfer tax rates and rules vary across Canada. See our Land Transfer Tax Calculator for a complete comparison of rates in all provinces and territories.