Parksville - Land Transfer Tax

When purchasing a property in Parksville, you’ll have to pay the British Columbia Property Transfer Tax, which is due upon closing. There is no municipal transfer tax. If you’re a first-time home buyer, you could be eligible for a rebate to a maximum of $8,000. See below for British Columbia Property Transfer Tax rates.

British Columbia Property Transfer Tax

Purchase PriceRate
$0 - $200,0001.0%
$200,001 - $2,000,0002.0%
$2,000,001 - $3,000,0003.0%
$3,000,000+5.0%

Land Transfer Tax Calculator

$
Provincial tax$8,000
Municipal tax$0
Rebate$0
Total land transfer tax$8,000

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