First introduced in 1987, British Columbia’s Property Transfer Tax, (PTT), is a land registration tax paid by a property buyer or owner when a property title is registered at the Land Title and Survey Authority (LTSA).

The PTT is based on the fair market value of the property being transferred whether or not money changes hands, including transfers of property between a corporation and its shareholders, gifts of property and land exchanges.

Property Transfer Tax calculator click here!

And for more details scroll through the two page PPT fact sheet…..

In 1987, the PTT was brought in as a luxury tax. Just five per cent of homes were taxed the two per cent portion (over $200,000). Today, more than 95 per cent of homes pay the two per cent portion.