Nova Scotia Land Transfer Tax 2022
Nova Scotia Deed Transfer Tax (DTT)When a piece of land is bought and sold in Nova Scotia, the buyer must pay a Land Transfer Tax called the Deed Transfer Tax (DTT). The tax rates are determined by each municipality and the tax amount is calculated based on a percentage of the sale price of the property; the rates are updated regularly by the municipalities, although they may not be updated right away on the SNS and thus it is at your discretion to check with each municipality for the most updated rates. A sector of the government of Nova Scotia , called the Land Registration Offices, collects the tax on behalf of the municipalities when the transfer is recorded. If the tax is not paid within 30 days after the transfer, a 10% penalty amount of the tax will be charged. Under Part V of the Municipal Government Act, the purchaser of property must also complete a Deed Transfer Affidavit of Value form—the Government of Nova Scotia will use the form to update its land information and data.
- You are merely confirming, correcting, or supplementing a previous transfer
- If the transfer is occurring between the Nova Scotia Farm Loan Board and a borrower under the Agriculture and Rural Credit Act
- If the buyer is a registered Charitable Organization and the property is not used for any commercial, industrial, rental or other business purpose
- If the property was bought before the year the municipality implemented the tax
Non-Resident Provincial Deed Transfer Tax
Q&A: New Provincial Taxes
Who do these taxes apply to?
These taxes apply to people who do not live in Nova Scotia but own or buy property here.
When are these taxes being implemented?
These taxes are being implemented today, April 1, 2022.
Are these taxes in addition to municipal taxes?
The provincial Deed Transfer Tax for Non-residents is not related to the municipal deed transfer tax. It is a separate, additional tax of 5 per cent.
The provincial Property Tax for Non-residents is not related to the property taxes levied by municipalities. It is an additional property tax of $2.00 per $100 of assessed value.
Are there exemptions to these taxes?
The Deed Transfer Tax for Non-residents will not apply to transactions where the Agreement of Purchase and Sale was entered into prior to April 1, 2022.
Non-resident purchasers who move to the province within 6 months of the closing date will be exempt.
The Nova Scotia Non-Resident Property Tax will not apply to residential properties that contain more than 3 units. It will not apply to residential properties that are leased to individual Nova Scotian residents for a period of at least 12 months. An exemption from this tax will be provided if 50 per cent or more of the owners are residents of Nova Scotia.
Do these taxes apply to vacant land?
Yes. These taxes apply to vacant land that is zoned residential.