How much is the registration of deeds fee in Newfoundland and Labrador?
This answer covers the law of Newfoundland and Labrador.
The registration of deeds fee in Newfoundland and Labrador is $100 on land worth up to $500, plus $0.40 for each additional $100 or part of $100 above that. There is no land transfer tax in the province, but the Services Charges Act charges a land registration charge when a conveyance, notice of mortgage or lease assignment is registered at the Registry of Deeds.
On a $300,000 purchase the deed charge works out to $1,298, and on $350,000 it is $1,498. The conveyance formula states no maximum, so the charge keeps rising with the value of the land. A mortgage is charged the same way on the debt secured, so a $240,000 mortgage comes to $1,058. The mortgage charge is capped at $5,000. The fee is paid at registration, and the Registrar cannot register an instrument until the proper fee is paid.
No fee is payable when the Crown registers a deed. The government's online fee calculator can confirm the current figure for your transaction. Because the exact amount depends on the value of the land and the document, a lawyer can confirm what applies to you.
Key takeaways
- The deed registration charge is $100 plus $0.40 for each additional $100 or part of $100 above $500.
- A $300,000 purchase costs $1,298 to register and a $350,000 purchase costs $1,498.
- A mortgage is charged on the same formula, but the mortgage charge is capped at $5,000.
- The proper fee must be paid before the Registrar will register the document, and the government's online calculator can confirm the figure.