Calculate the land transfer tax on a property purchase in Yukon. The Yukon property transfer tax is calculated on a marginal rate basis, meaning different portions of the purchase price are taxed at different rates.
Yukon land transfer tax rates
Land transfer tax in Yukon is calculated using marginal rates on the purchase price:
| Purchase Price Bracket | Marginal Tax Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 to $250,000 | 1.0% |
| $250,001 to $400,000 | 1.5% |
| $400,001 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
Example calculations
| Purchase Price | Land Transfer Tax |
|---|---|
| $250,000 | $2,225 |
| $350,000 | $3,725 |
| $500,000 | $6,225 |
| $600,000 | $8,225 |
| $750,000 | $11,225 |
Example: On a $500,000 home, the tax is calculated as:
- 0.5% × $55,000 = $275
- 1.0% × $195,000 = $1,950
- 1.5% × $150,000 = $2,250
- 2.0% × $100,000 = $2,000
- Total = $6,475
How to avoid paying land transfer tax in Yukon
There are situations where you may be exempt from Yukon land transfer tax. Consult a legal professional to confirm your eligibility:
- Property transfers between spouses — transfers between married or common-law partners are typically exempt
- Transfers of farm land between family members — agricultural property passed within families may qualify
- Transfers to a family business corporation — certain corporate restructuring transfers may be exempt
First-time homebuyer rebate in Yukon
Yukon offers a first-time homebuyer land transfer tax rebate of up to $4,000. This fully covers the land transfer tax on homes valued up to approximately $368,000.
To qualify for the rebate:
- You must be a first-time homebuyer
- The property must be your primary residence
- You must be a Canadian citizen or permanent resident
For homes priced above $368,000, the rebate still applies but only covers the first $4,000 of the tax owed.
How Yukon compares to other provinces
| Province / Territory | LTT on $500,000 Home |
|---|---|
| Alberta | $0 |
| Saskatchewan | $0 |
| Yukon | ~$6,225 |
| Manitoba | ~$7,150 |
| Ontario | ~$6,475 |
| British Columbia | ~$8,000 |
| Quebec | ~$4,500 |
Yukon’s land transfer tax is in the middle range compared to other provinces, and the first-time buyer rebate of $4,000 provides meaningful relief.
Additional costs when buying in Yukon
- Mortgage insurance — required if less than 20% down; use the Yukon mortgage insurance calculator
- GST on new homes — Yukon has no territorial sales tax; only 5% GST applies to new construction; see the Yukon sales tax calculator
- Legal fees — typically $1,000 to $2,000
- Home inspection — $400 to $600
- Property taxes — Whitehorse municipal taxes
Frequently asked questions
How much is land transfer tax in Yukon?
It is calculated on marginal rates from 0.5% to 2.5%. On a $500,000 home, the tax is approximately $6,225.
Is there a first-time homebuyer rebate in Yukon?
Yes. A rebate of up to $4,000 is available, which fully covers the tax on homes up to approximately $368,000.
Who pays land transfer tax in Yukon?
The buyer always pays the land transfer tax at the time of property registration.
Related guides
- Yukon mortgage rates
- Yukon mortgage affordability calculator
- Yukon mortgage insurance calculator
- Yukon tax brackets
- Yukon sales tax calculator
- Down payment calculator
