Land transfer tax · 2026
Prince Edward Island land transfer tax
P.E.I. charges a flat 1% real property transfer tax on the greater of the price or the assessed value.
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First-time home buyers
First-time buyers who will live in the home are fully exempt.
Prince Edward Island land transfer tax by price
| Price | Tax | First-time buyer |
|---|---|---|
| $300,000 | $3,000 | $0 |
| $350,000 | $3,500 | $0 |
| $400,000 | $4,000 | $0 |
| $450,000 | $4,500 | $0 |
| $500,000 | $5,000 | $0 |
| $550,000 | $5,500 | $0 |
| $600,000 | $6,000 | $0 |
| $650,000 | $6,500 | $0 |
| $700,000 | $7,000 | $0 |
| $750,000 | $7,500 | $0 |
| $800,000 | $8,000 | $0 |
| $850,000 | $8,500 | $0 |
| $900,000 | $9,000 | $0 |
| $950,000 | $9,500 | $0 |
| $1,000,000 | $10,000 | $0 |
| $1,050,000 | $10,500 | $0 |
| $1,100,000 | $11,000 | $0 |
| $1,150,000 | $11,500 | $0 |
| $1,200,000 | $12,000 | $0 |
| $1,250,000 | $12,500 | $0 |
| $1,300,000 | $13,000 | $0 |
| $1,350,000 | $13,500 | $0 |
| $1,400,000 | $14,000 | $0 |
| $1,450,000 | $14,500 | $0 |
| $1,500,000 | $15,000 | $0 |
| $1,750,000 | $17,500 | $0 |
| $2,000,000 | $20,000 | $0 |
| $2,500,000 | $25,000 | $0 |
| $3,000,000 | $30,000 | $0 |
When you pay it
It's paid when the deed is registered, usually by your lawyer from your closing funds.
Frequently asked questions
How much is land transfer tax in Prince Edward Island?
P.E.I. charges a flat 1% real property transfer tax on the greater of the price or the assessed value. On a $500,000 home it comes to $5,000; on $1,000,000 it's $10,000.
Do first-time buyers pay less?
First-time buyers who will live in the home are fully exempt.
When is it paid?
It's paid when the deed is registered, usually by your lawyer from your closing funds.
Land transfer tax in other provinces
Rates for 2026. Sources: P.E.I. real property transfer tax. Estimates for planning, not legal or tax advice. Your lawyer or notary confirms the final amount.