Nova Scotia’s Non-Resident Deed Transfer Tax Increasing to 10% in 2025.
Effective April 1, 2025, Nova Scotia is doubling its Non-Resident Deed Transfer Tax (“NRDTT”) from 5% to 10%.
This applies to:
- Agreements of Purchase and Sale signed after March 31, 2025
- Other property transfers without such agreements occurring after March 31, 2025
Who Is Affected?:
- The NRDTT applies to non-residents purchasing residential property (up to three units), including vacant land intended for residential use. The tax is based on the greater of the purchase price or assessed value.
Certain buyers may qualify for exemptions, including:
- New Residents; those who move to Nova Scotia within six months of closing and provide proof of residency
- Family Transfers; between qualifying immediate family members
- Trusts & Estates; where beneficial ownership remains unchanged
What does this mean for you? Non-residents considering a real estate purchase in Nova Scotia should plan for this tax increase.
Contact Arcus Legal (902.706.4550) to speak with a lawyer about how the changes may impact your transaction and whether you qualify for an exemption.
*This post is for informational purposes only and does not constitute legal or financial advice.
