Property Transfer Tax Worksheet
The property transfer tax on a British Columbia transfer: the general tax, the first time home buyers' or newly built home exemption with its partial band, the additional 20% tax for foreign entities in specified areas, and the dates the buyer must move in by and live there until to keep the exemption.
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Conveyancing Support works out the statement of adjustments, the property transfer tax and the statement of receipts and disbursements for you to check. In British Columbia the transfer and mortgage documents are prepared by a lawyer or notary, and Conveyancing Support is made mainly for them.
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Property transfer tax worksheet
| How it is worked out | Amount |
|---|---|
| 1% of the first $200,000 | $2,000.00 |
| 2% of the value from $200,000 to $2,000,000 | $12,580.00 |
| General property transfer tax | $14,580.00 |
| First time home buyers' exemption: no tax on the first $500,000.00 (s. 5 (1.01)) | -$8,000.00 |
| General tax after the exemption | $6,580.00 |
| Total property transfer tax payable on registration | $6,580.00 |
On the fair market value entered. The return is filed with the registration even when no tax is due; this worksheet is not the filed return.
Exemption conditions and dates
| What | When | Rule |
|---|---|---|
| Canadian citizen or permanent resident on the registration date | Confirm | Act s. 4 (1) (a) |
| Lived in BC for the year before, or filed 2 BC tax returns in the last 6 years | Confirm | Act s. 4 (1) (b) |
| Never held an interest in a principal residence anywhere, never had this exemption | Confirm | Act s. 4 (1) (c), (d) |
| Move in as the principal residence by | March 17, 2027 | Act s. 8 (2) (a) (i) |
| Live there at least until | December 15, 2027 | Act s. 8 (2) (a) (ii) |
The registration date is taken as the completion date entered.
Sample figures. Change them to work out your own, no sign-up. Then start free and your property transfer tax worksheet opens with these details filled in: 14-day trial, nothing charged today.
What goes in it
Every property transfer tax worksheet from ReportDraft follows the same professional structure, so clients and reviewers find things where they expect them.
- NotesAnything about the value, the exemption or the transferees to keep on the file.
How it works
1. Enter the details. Names, dates and amounts, once. The next one starts from these entries.
2. Worked out for you. The general tax, the first time home buyers' or newly built home exemption, the additional 20% tax and the move-in dates are worked out from your entries, and the standard wording is filled in.
3. Check, sign, keep. A completeness list shows anything missing. Sign to lock the PDF and download Word too.
Why it pays for itself
Property transfer tax worksheet rules by province
The key rule in each province or territory, linked to the official text. Each guide lists every rule with its sources, and each template is set up for that province or territory. Last reviewed November 4, 2026.
| Province or territory | Key rule | Official source |
|---|---|---|
| British ColumbiaTemplate | 1%, 2% and 3% general rates | Property Transfer Tax Act s. 3 (1) |
Template preview
Questions
What goes in a property transfer tax worksheet?
The property transfer tax on a British Columbia transfer: the general tax, the first time home buyers' or newly built home exemption with its partial band, the additional 20% tax for foreign entities in specified areas, and the dates the buyer must move in by and live there until to keep the exemption. ReportDraft lays it out in 1 sections: notes.
Do my province or territory's rules change the document?
Pick your province or territory when you start. Where we have checked a local requirement against official sources, it is added to your completeness list with a link to the source.
Can I change the wording?
Yes. The standard wording is a starting point: edit any sentence before you sign. The figures and dates are worked out again from your entries every time.
What do I get at the end?
A signed, locked PDF for your client and an editable Word file, both with your company details. Signed reports keep a fingerprint so later changes are visible.
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