Land Transfer Tax Explained for Calgary Buyers
Posted by Ray Yang on
Understand Closing Costs When Buying a Home in Alberta!
If you're preparing to buy a home in Calgary, you've likely heard the term “land transfer tax” come up during your research. But here's the good news: Alberta is one of the few provinces in Canada that does not charge a traditional land transfer tax.
That said, there are other government fees and closing costs you should understand before signing on the dotted line. In this post, we’ll break it all down for you — simply and clearly.
What Is Land Transfer Tax?
A land transfer tax (LTT) is a provincial fee charged when the ownership of property is transferred from one person to another. It’s common in places like Ontario, BC, and Quebec, where buyers can pay thousands of dollars in land…
177 Views, 0 Comments