![]() ![]() You may be eligible for an exemption from paying this tax if you meet certain conditions if this home is your primary residence. You may be able to recover some of the GST paid through the federal government’s New Housing Rebate (NHR). The amount of rebate you can receive for the GST Portion is 36% of the GST tax amount up to a maximum of $6,300. Goods and Services Tax (GST) of 5% is payable in Alberta on the construction or purchase of a newly constructed home. This law will come into effect on January 1, 2023, for two years ending on December 31, 2025. The legislation known as the Prohibition on the Purchase of Residential Property by Non-Canadians Act was passed on June 23, 2022. The federal government announced a measure to prohibit non-Canadians from purchasing residential property in Canada for 2 years in Budget 2022. We have included links to the taxes and additional links if any programs exist for rebates. Please review in detail to see if these additional taxes impact you. ![]() Alberta & Federal Taxes, Rebates and RegulationsĪlberta has the most simplified and lowest land transfer taxes of all provinces in tandem, it does not offer any provincial rebates. As such, they also do not offer any rebates or exemptions. Municipal Land Title Transfer (LTT) FeeĬalgary and Edmonton do not have any municipal land title transfer fees at this time. Alberta Land Title Transfer (LTT) Fee RebateĪlberta does not offer first-time home buyers land title transfer fee rebates or exemptions. Note: You may use our Land Transfer Calculator to estimate your required land transfer tax for Alberta however, the final value must be confirmed with your solicitor. Alberta Land Titles Transfer Fee (LTT) Property Valueįor more information, please consult the Alberta LTT Fee resource page. The Land transfer tax (LTT), known provincially as Land Titles Transfer Fee in Alberta, is calculated based on the purchase price of your property as well as the mortgage that you place on this property on your closing.
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