Manitoba-accurate Land Transfer Tax (marginal brackets, no flat rate), legal fees, title insurance, the 7% PST on your CMHC premium, and the inspection / appraisal line items most buyers forget about.
The calculator determines your loan-to-value and whether CMHC insurance applies.
Legal fees and disbursements, title insurance, and property tax/utility adjustments - editable defaults are pre-filled.
Home inspection and appraisal costs, if applicable to your purchase.
Manitoba Land Transfer Tax (marginal brackets), fees, and 7% PST on any CMHC premium, all itemized.
Manitoba uses marginal brackets - each slice of your purchase price is taxed at a different rate. The first $30,000 is free, then 0.5% up to $90K, 1.0% up to $150K, 1.5% up to $200K, and 2.0% on every dollar over $200K.
On a $400,000 Winnipeg home, that works out to $5,650 in Land Transfer Tax. There's no provincial rebate for first-time buyers in Manitoba, unlike Ontario or BC.
If your down payment is under 20%, you'll pay a CMHC mortgage default insurance premium - and Manitoba is one of three provinces that charges 7% PST on that premium, due at closing (the premium itself rolls into your mortgage).
On a $400K purchase with 10% down, that's roughly $780 in PST on top of the down payment, legal, LTT, and adjustments.
Tools built by Jeremy LaHaie, mortgage professional with INVIS Inc., serving Winnipeg, Ste Anne, Steinbach, and all of Southeast Manitoba. Call or text (204) 995-7336.