In Calgary, Alberta, there is no land transfer tax imposed.
Instead, a title registration fee is applied, determined by the property's value, along with a mortgage registration fee for any outstanding loans. The registration fee comprises a base of $50, plus an additional $2 for every $5,000 of the property value. If there is a mortgage, an extra $50 is charged, along with $1.50 for every $5,000 of the mortgage amount. It's important to note that neither Alberta nor its municipalities provide a rebate for first-time homebuyers.
Calgary, Alberta stands out among Canadian provinces as one that does not enforce a land transfer tax. In many provinces across Canada, this tax is borne by the buyer during property acquisition, calculated based on the property's purchase price, and collected by the government at the time of the transaction.
In contrast, Alberta distinguishes itself by not having a land transfer tax, thereby reducing the overall cost of property acquisition in comparison to other regions in Canada. Instead, the province has a property transfer fee, a charge imposed by the Alberta government for registering a property transfer. This fee is a modest percentage of the purchase price and is utilized to support various government services.
Land title transfer fees and first-time home buyer rebates in Alberta are structured as follows:
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