British Columbia statement of adjustments template

British Columbia rules for this report

These rules are about how and when you report, not the template's fields. Check them before you deliver.

• When a taxable transaction is registered at the land title office, the transferee pays property transfer tax and files a return, whether or not the transaction is exemptProperty Transfer Tax Act s. 2 (1)
• The general property transfer tax is 1% of the fair market value up to 200,000 dollars, 2% of the value from 200,000 to 2,000,000 dollars, and 3% of the value above 2,000,000 dollarsProperty Transfer Tax Act s. 3 (1)
• When residential property is worth more than 3,000,000 dollars, a further 2% is due on the residential value above that amountProperty Transfer Tax Act s. 3.01 (4)
• An additional tax of 15% of the taxable amount applies when residential property in a specified area is transferred to a foreign entity or taxable trustee; it is not part of the general rateProperty Transfer Tax Act s. 2.02 (2) and (4)
• When registration is applied for electronically, the tax is paid by electronic means and the return is an electronic returnProperty Transfer Tax Act s. 2 (1.1)
• Drawing an instrument relating to real estate that is to be registered or filed in a registry, for a fee, is part of the practice of law in British Columbia, which lawyers and notaries practising lawfully may doLegal Profession Act s. 1 (1), "practice of law" (b) (v) and (j) · Legal Profession Act s. 15 (1)

What is in it

• Other adjustmentsWhat it is, Credit to, Amount
• NotesAnything the parties should know about these figures.

Rules last reviewed October 24, 2026. Read the full British Columbia statement of adjustments requirements.