Land transfer tax is payable on the closing date of your purchase and is usually based on the selling price of the property. Almost all provinces in Canada collect a land transfer tax. In Alberta and Saskatchewan, instead of LTT, there is a title and a mortgage registration fee. In Québec, it\'s called taxe de Bienvenue. Luckily, some provinces and municipalities offer a rebate for first-time home buyers."
Prince Edward Island
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