Land Transfer Tax
What is a Land Transfer Tax?
Did you know that in Canada, Land Transfer Tax (LTT), also known as Taxe de Bienvenue in Quebec, is one of the highest “closing costs” any homebuyer will face?
The Land Transfer Tax (known as well as the Property Transfer Tax or Welcome Tax) was introduced in most Canadian provinces during the 1970s. We could define the LTT as a small percentage of the purchasing price paid by the buyer of the property to the province or municipality. Click on each province to find out more information.