How is the deed registration fee calculated in Newfoundland and Labrador?
This answer covers the law of Newfoundland and Labrador.
The deed registration fee in Newfoundland and Labrador is $100 where the value of the land is $500 or less, and above that it is $100 plus $0.40 for each additional $100 or part of $100 of value. It is a land registration charge under the Services Charges Act, not a land transfer tax, because the province has none.
For a $300,000 purchase, the value above $500 is $299,500, which is 2,995 blocks of $100. Multiplied by $0.40 that is $1,198, plus the $100 base, for a $1,298 charge. On a $350,000 purchase the same steps give $1,498. The deed charge has no stated maximum, so it keeps rising with the value of the land.
A mortgage is charged separately using the same formula on the debt secured, but that charge is capped at $5,000. The fee is paid at the time of registration, and the Crown pays no fee on its own registrations. The Registrar cannot register your documents until the proper fee is paid, and the Registry of Deeds has an online fee calculator for the current figure. A lawyer can confirm the amount for your sale.
Key takeaways
- The deed registration fee is $100 up to $500 of value, then $100 plus $0.40 for each additional $100 or part of $100.
- A $300,000 purchase works out to $1,298 and a $350,000 purchase to $1,498.
- The deed charge has no stated maximum, while the mortgage registration charge is capped at $5,000.
- The Registrar cannot register your documents until the proper fee is paid, and the Registry of Deeds has an online fee calculator.