BC's Property Transfer Tax is a land registration tax payable (by the buyer) when an application is made at any Land Title Office to register changes to a certificate of title. The Property Transfer Tax is distinct from property tax, which is the amount paid on an annual basis for services received from local government.
The Property Transfer Tax rate is 1 per cent on the first $200,000 of the fair market value of the property, plus 2 per cent on the fair market value over $200,000. For more information from the BC Ministry of Small Business and Revenue, click here.