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Real Property Transfer Tax - Low Cost Exemption

The purchaser of real property on Prince Edward Island must file an Affidavit of Purchaser with the Registrar of Deeds before a deed of conveyance can be registered (Section 15(1) and (2) of the Real Property Assessment Act).  In the Affidavit of Purchaser form, the purchase must make an oath indicating the consideration paid for the real property being registered.

Real Property Transfer Tax that normally applies to the registration of a deed of conveyance in Prince Edward Island is waived if the Affidavit of Purchaser form indicates that the greater of either the purchase price or the assessed value of the real property does not exceed $30,000 (Section 4.2 of the Real Property Transfer Tax Act).

The forms listed below are also available in French on our Formulaires page.

Forms

Affidavit of Purchaser
  (PDF)     

Service Location

Charlottetown
Jones Building
Map

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