How much is the title transfer fee at Information Services Corporation (ISC) in Saskatchewan?
This answer covers the law of Saskatchewan.
The Saskatchewan title transfer fee is based on the value of the property, not a flat amount. Saskatchewan has no land transfer tax listed in CMHC's provincial fact sheet; instead there is a provincial fee to transfer property based on the property's value.
CMHC states that fee as 0.3% of value for properties valued at $8,800.01 or more. Rates and fee schedules can change, so confirm the current figure on the Information Services Corporation (ISC) fee page or with your lawyer before you budget for closing.
Who pays matters too. In a standard Law Society offer-to-purchase template, the purchaser pays the Land Titles Registry fees to register the property in the purchaser's name and to register the purchaser's mortgage, and each party pays their own lawyer. Your actual contract may say something different, so read the cost clause carefully. Think of the fee as a cost that sits on top of the purchase price, so it belongs in your closing budget alongside legal fees and any adjustments. Ask your lawyer for a written estimate of registry fees and other closing costs before the possession date.
Key takeaways
- Saskatchewan has no land transfer tax listed in CMHC's provincial fact sheet, but there is a provincial fee to transfer property based on its value.
- CMHC states the fee as 0.3% of value for properties valued at $8,800.01 or more.
- In a standard Law Society offer-to-purchase template, the purchaser pays the Land Titles Registry fees to register the property in their name and to register their mortgage.
- Fee schedules can change, so confirm the current rate with ISC or your lawyer before you finalize your closing budget.