Land Transfer Tax

What is it? How many times do you pay it? 
How to pay it?

Under the Land Titles system in effect in Manitoba, the Province keeps a registry of land titles. Transferees are required to pay land transfer tax, with some exceptions, and a registration fee upon registration of transfer of title at the nearest land titles office.

Land transfer tax is calculated based on the fair market value of realty on the date of registration of a transfer of title and calculated as follows:

There is no land transfer tax paid on the first $30,000 in FMV, 0.5% on the next $60,000 in FMV, 1% on the next $60,000 in FMV (which takes us to $150,000) and 1.5% of FMV on the next $50,000. Two (2%) percent land transfer tax applies to the FMV over $200,000.

Transferee: person purchasing the property. 
Title: your legal interest in the land. 

You will pay this amount to your law office at the time of closing on your home.  You only have to pay once, thank goodness. 

If you are unsure, go to the mortgage calculator page on my website and punch in the purchase price of the home you are thinking of... the correct amount will come up! 

You can also call 311 and ask for the Winnipeg Land Titles Office. :)