Prince Edward Island land transfer tax calculator
PEI transfer tax is 1% of the greater of price or assessed value, and qualifying first-time buyers pay none. Estimate yours.
Prince Edward Island purchase
Your land transfer tax
Rules checked: September 2026. Source: Prince Edward Island official source
About Prince Edward Island land transfer tax
Prince Edward Island charges a flat 1% on the greater of the purchase price and the property's assessed value — there are no brackets. No tax is payable at all when that greater amount is $30,000 or less.
The tax is paid at closing, in cash, on top of your down payment, legal fees, title insurance and tax adjustments.
First-time buyer exemption in Prince Edward Island
Full exemption for a first-time home buyer who is a Canadian citizen or permanent resident, has lived in PEI for six months before registration (or filed PEI returns in two of the last six years), and will live in the home — no price limit.
Worked example: a $450,000 home in Prince Edward Island
- Provincial tax: $4,500
- First-time buyer paying the same price: $0 ($4,500 saved)
Other Canadian provinces
- British Columbia land transfer tax
- Alberta land transfer tax
- Saskatchewan land transfer tax
- Manitoba land transfer tax
- Ontario land transfer tax
- Quebec land transfer tax
- New Brunswick land transfer tax
- Nova Scotia land transfer tax
- Newfoundland & Labrador land transfer tax
- Yukon land transfer tax
- Northwest Territories land transfer tax
- Nunavut land transfer tax
Related calculators
- Total closing costs — everything due in cash at closing, not just the transfer tax
- Down payment and CMHC premium
Rate source: Prince Edward Island official schedule, checked 2026-09-24. Confirm the figure with your real estate lawyer before relying on it for a real transaction.
Mortgage agent or broker? Calculators like this one embed on the website you already have, and Mortgage360 campaign landing pages capture the enquiries they start straight into your CRM.
Prince Edward Island land transfer tax — common questions
- How much is land transfer tax in Prince Edward Island?
- Prince Edward Island charges a flat 1%. It is calculated on the greater of the purchase price and the assessed value, so a $500,000 home costs about $5,000.
- When do I pay Prince Edward Island land transfer tax?
- At closing, in cash, through your lawyer. It cannot be added to the mortgage or paid in instalments, which is why it is the closing cost that most often catches first-time buyers short — it has to be saved separately from the down payment.
- Is there a first-time buyer rebate in Prince Edward Island?
- Yes — qualifying first-time buyers can be exempt from the whole tax. Full exemption for a first-time home buyer who is a Canadian citizen or permanent resident, has lived in PEI for six months before registration (or filed PEI returns in two of the last six years), and will live in the home — no price limit.
- Do I still count as a first-time buyer if my partner has owned a home?
- It depends on Prince Edward Island's definition, which looks at your own ownership history and, in some cases, your spouse's. Confirm your situation with your real estate lawyer before budgeting on the exemption.
- Can I add Prince Edward Island land transfer tax to my mortgage?
- No. It is due in cash on closing day, and lenders will not advance funds for it. Many will also ask you to prove you hold reserves for closing costs on top of your down payment before they approve the mortgage.
- Do I pay land transfer tax on a new build?
- Yes, on the purchase price, normally at final closing rather than when you sign the agreement. A new build may also carry GST or HST, which is a separate calculation with its own rebate — worth modelling together rather than one at a time.
- Does refinancing or renewing trigger land transfer tax?
- No. The tax applies to a transfer of title, not to the mortgage on it. Refinancing, renewing or switching lenders leaves ownership unchanged, so no transfer tax is owed — though a switch may carry registration or discharge fees.
- Where do these rates come from?
- From the official source linked on this page (https://www.princeedwardisland.ca/en/legislation/real-property-transfer-tax-act), last checked 2026-09-24. Rates and rebate ceilings change with provincial budgets, so confirm the figure with your real estate lawyer before relying on it for an actual closing.