Sajad  Ahmed

Sajad Ahmed

Broker

Brokerage Information: Not available, please contact website owner

Mobile:
647-531-5555
Email Me
Sajad  Ahmed

Sajad Ahmed

Broker

Brokerage Information: Not available, please contact website owner

Mobile:
647-531-5555
Email Me

Land Transfer Tax Details

Land Transfer Tax

Purchasers in most large Canadian cities can add Land Transfer Taxes to their list of closing costs. Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are part of the deal. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from half of a percent to two percent of the total purchase price.

Many provinces have multi-tiered taxation systems that can be complicated.
For example, if you purchase a property for $300,000 in Ontario, 0.5% is charged on the first $55,000, 1% is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5%. Your total tax bill? $2,975.00.

The following chart illustrates Land Transfer Taxes by province.

ONTARIO
Land Transfer Tax (go to calculator)
Up to $55,000 X 0.5% of total purchase price
From $55,000 to $250,000 X 1% of total purchase price
From $250,000 to $400,000 X 1.5% of total purchase price
From $400,000 up X 2% of total purchase price
BRITISH COLUMBIA
Property Purchase Tax
Up to $200,000 X 1% of total purchase price
From $200,000 up X 2% of total purchase price
MANITOBA
Land Transfer Tax
Up to $30,000 N/A
From $30,000 to $90,000 X 0.5% of total purchase price
From $90,000 to $150,000 X 1% of total purchase price
From $150,000 up X 1.5% of total purchase price
QUEBEC
Transfer Tax
Up to $50,000 X 0.5% of total purchase price
From $50,000 to $250,000 X 1% of total purchase price
From $250,000 up X 1.5% of total purchase price
Halifax Metro
1.5% on total purchase price
Outside HalifaxCounty
Check with local municipality.

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Welcome to Listwithus.ca – The Real Estate Team That Will Make Your Dream Home a Reality!
 
Sajad Ahmed TOP Broker in the Peel, York, & Halton Regions and the GTA (Mississauga, Brampton, Caledon, Vaughan, Oakville, Burlington & beyond) specializing in Selling, Buying, Leasing, and Investment of Properties. Delivering Top Notch Service with Unbeatable Results.
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Sajad Ahmed
Direct: 647-531-5555
 
Our Real Estate Brampton, Mississauga, Caledon, Milton, Peel Region, GTA Services:
 
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Sajad Ahmed
Direct: 647-531-5555


Specialty: Residential - Homes, Townhomes, Condos, Rentals, and more! Commercial - Leasing, Buying, Franchises, Land Development!

Experience: 12+

Awards: RE/MAX Chairman's Club & RE/MAX 100% Club

Area Covered: Milton, Oakville, Brampton, Mississauga, Caledon, Vaughan, And More!

Languages Spoken: English, Hindi, Punjabi, Urdu