When buying a home, many people overlook the significant cost of the land transfer tax. When you acquire a property, you must pay a tax to the government after the transaction closes. The amount paid depends on the value of your property. Use this calculator to find how much you can expect the tax to be. You can find the Land Transfer Tax Table here
Introduced by the Manitoba provincial government in 1987, the Land Transfer Tax is due upon closing and must be paid on top of the registration fee based on the market value of the property on the date of registration when buying a property or land.
There is no tax paid on the first $30,000 and the rest is applied on a sliding scale. The Land Title Office collects and remits the tax when you visit the office to register the transfer of property. The requirement is derived from The Tax Administration and Miscellaneous Taxes Act.