Marie Andree Persaud

Marie Andree Persaud

Sales Representative

Coldwell Banker - R.M.R. Real Estate, Brokerage*

Mobile:
416-970-8979
Office:
905-852-4338
Email Me
Marie Andree Persaud

Marie Andree Persaud

Sales Representative

Coldwell Banker - R.M.R. Real Estate, Brokerage*

Mobile:
416-970-8979
Office:
905-852-4338
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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416-970-8979

  

905-852-4338

  

FULL TIME REALTOR always working to satisfy your real estate needs; from your luxury property to your farm property or your residential property; always happy to provide you with quality ultimate service. 

Successfully working with many repeat clients, referrals and new clients alike.

Recipient of numerous awards for production and quality of service since year one in my career.

Above mentioned awards are the result of my commitment to my clients' needs. 

Ask me how I can help YOU fulfill your real estate needs in Uxbridge and beyond.  

 



Education: Seneca College OREA

Specialty: Farms and Rural properties, luxury properties,Investment properties, Residential properties, Commercial, Condos, Aggregate Properties, Working with Seniors and their families, First time buyers, residential Re-sale, townhouses, single family detached, semi-detached, duplexes, estates, apartments, commercial, vacant land

Experience: Since 2005

Awards: Recipient of numerous awards starting with the "Rookie of the Year" award to several "Ultimate Service Awards" to several awards for "Sales Achievements"

Area Covered: From downtown Toronto to Durham Region and the Kawartha Lakes, Lake Simcoe to Lake Ontario

Languages Spoken: English