Prince Edward Island Land Transfer Tax Calculator (2026)
On a $650,000 home in Prince Edward Island, expect about $6,500 of land transfer tax โ due in cash at closing, on top of your down payment. Enter your price below for the exact number, including first-time-buyer relief.
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What you'd pay in Prince Edward Island โ worked examples
| Purchase price | Land transfer tax | First-time buyer pays |
|---|---|---|
| $400,000 | $4,000 | $0 |
| $500,000 | $5,000 | $0 |
| $650,000 | $6,500 | $0 |
| $800,000 | $8,000 | $0 |
| $1,000,000 | $10,000 | $0 |
Computed from the 2026 schedule above. The first-time-buyer column applies the maximum relief; eligibility conditions apply. Small flat admin fees excluded.
How it works in Prince Edward Island
PEI charges 1% of the greater of the purchase price and assessed value (nothing under $30,000) โ but eligible first-time buyers who meet the residency conditions are fully exempt.
Land transfer tax elsewhere in Canada
Or use the main land transfer tax calculator to compare every province at once, and see how land transfer tax works across Canada.
Frequently asked questions
How much is the land transfer tax in Prince Edward Island on a $650,000 home?
About $6,500 in 2026. Use the calculator above for your exact price and first-time-buyer status.
Do first-time buyers pay Prince Edward Island land transfer tax?
Eligible first-time buyers who meet PEIโs residency conditions (183 consecutive days before the purchase, or occupying the home 183 days after) are fully exempt.
Can I roll it into my mortgage?
No โ land transfer tax is a closing cost paid in cash on closing day, on top of your down payment. See how land transfer tax works across Canada.