General BC property transfer tax is 1% on the first $200,000, 2% from $200,000 to $2 million, and 3% above $2 million, with a further 2% on residential value above $3 million. Exemptions reduce the result only when every eligibility condition is met.
Decision points
- 01
The taxable base is generally fair market value, not simply your deposit.
- 02
First-time-buyer relief changes at $500,000, $835,000, and $860,000.
- 03
New-build relief phases out between $1.1 million and $1.15 million.
How the calculator applies brackets
Each rate applies only to the portion inside that bracket. Parcel & Key calculates the general amount first, then applies one selected exemption. It does not assume exemptions can be combined or that the user meets residency, property, occupancy, or ownership-history requirements.
Cases to escalate
Partial ownership, mixed-use property, land over 0.5 hectares, related-party transfers, pre-sold strata units, non-resident buyers, and property with unusual fair-market-value questions should be reviewed by the conveyancer preparing the tax return.
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