Prince Edward Island land transfer tax calculator.
Calculate the pei real property transfer tax on your Prince Edward Island purchase. Flat 1.0% on the greater of purchase price or assessed value. Calculated at closing. First-time buyer and foreign-buyer adjustments are built in — enter your price below.
Your inputs
What makes up your bill
The components that combine into your total.
Lender-ready summary, your assumptions baked in, and a personalized note from an advisor at Mortgage Squad Advisors.
How land transfer tax works in Prince Edward Island
PEI Real Property Transfer Tax is a one-time tax the buyer pays when title changes hands. It’s due on closing day, must be paid in cash, and cannot be added to your mortgage. Flat 1.0% on the greater of purchase price or assessed value. Calculated at closing. Each bracket applies only to the dollars inside it, so your effective rate lands below the top bracket your price reaches.
First-time buyer relief in Prince Edward Island
Bona fide first-time buyers purchasing under $200K are exempt; partial exemption for FTHB up to $264K. The rebate is a credit against your pei real property transfer tax, applied on closing — it lowers the cash you bring, not your mortgage. Confirm eligibility before you firm up an offer: typically you must be 18+, never have owned a home anywhere, and (if buying with a partner) the rebate is prorated to your share.
Fold it into your closing budget
PEI Real Property Transfer Tax is usually the largest single line on your closing statement, so once you know it, add it to your full closing costs estimate alongside legal fees, title insurance, and the PST on any CMHC premium. First-time buyer? The first-time buyer guide covers the FHSA, the RRSP Home Buyers’ Plan, and how they stack. Then lock your Prince Edward Island mortgage rate.
PEI Real Property Transfer Tax is paid on closing day, in addition to your down payment and other closing costs.