Claire  Oh

Claire Oh

Sales Representative

Harvey Kalles Real Estate Ltd., Brokerage *

Mobile:
647-286-7661
Office:
416-441-2888 ext. 455
Email Me
Claire  Oh

Claire Oh

Sales Representative

Harvey Kalles Real Estate Ltd., Brokerage *

Mobile:
647-286-7661
Office:
416-441-2888 ext. 455
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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647-286-7661

  

416-441-2888

  

Claire Oh is a licensed real estate sales agent, who brings a strategic yet personable approach to the home buying and home selling process. Drawing from years of experience as Property, Condominium site, Commercial Leasing, and Co-op Housing Management, built a reputation for refreshingly friendly customer care, demonstrated strong relationship, communication skills and proven ability to guide and educate buyers to obtain the best value for their dream home and to assist sellers to a smooth, stress-free sale of their home.  Claire speaks English and Korean fluently. She is self-motivated and understands the local housing market.



Area Covered: Central Toronto, GTA, Vaughan, Markham, Richmond Hill

Languages Spoken: English, Korean