Real Property Transfer Tax Inter-family Transfer Exemption

This section provides information on eligibility for a waiver of Real Property Transfer Tax where the recipient(s) of the real property are all members of the family of the person making the transfer of real property.

What is the Real Property Transfer Tax inter-family transfer exemption?

Real Property Transfer Tax that normally applies to the registration of a deed of conveyance in Prince Edward Island may be waived if the recipient(s) are all members of the family of the person making the transfer, and the transfer is made without consideration in excess of $1.

What does “member of the family” mean?

Under the Real Property Transfer Tax Act, member of the family means, in a relation to a person, the father, mother, spouse, common-law spouse, grandfather, grandmother, son, daughter, brother, sister, grandson, granddaughter, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, sister-in-law, step-father, step-mother, step-son, step-daughter, step-brother or step-sister of the person.

How do I apply for this exemption?

To qualify for this exemption a Declaration of Inter-family Transfer form must be submitted at the time of registration.

Who should I contact if I have questions about the Real Property Transfer Tax inter-family transfer exemption? 

Taxation and Property Records
Phone: (902) 368-4070
Fax: (902) 368-6164
Email: taxandland@gov.pe.ca