Anurag  Sharma

Anurag Sharma

Broker

HomeLife Silvercity Realty Inc., Brokerage*

Mobile:
416-846-0169
Office:
905-913-8500 ext. 108
Email Me
Anurag  Sharma

Anurag Sharma

Broker

HomeLife Silvercity Realty Inc., Brokerage*

Mobile:
416-846-0169
Office:
905-913-8500 ext. 108
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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If you are intersted in living in brampton, living in mississauga, living in caledon or living in orangeville, you have reached  the right place to search for houses for sale in brampton, houses for sale in mississauga, houses for sale in caledon, houses for sale in orangeville and specially houses for sale in brampton north. I can try my best to find houses for sale in brampton under 500000. Have a look at my featured listings or if you are searching new houses in brampton, take a look through the hundreds of preconstruction listing. Good news for first time home buyers is that fifty percent of my transactions covers first time home seekers. Free home evaluation available.

As a real estate professional, I will make every effort to Find a Home for the Best Value and Sell a Home for the Highest Value, Provide you with super customer service and advise.

If you need any assisstance give me a call at 416-846-1069

My philosophy in life extends into every aspect of my real estate business. 

I believe that maintaining great relationships, giving back, following through, and following the Golden Rule is the key to success in business and in life.

I treat evry person the way i wish to be treated.

I try to place myself in my client's shoes to understand their reactions and assure them that everything will work out, because it always does in the end.

I have set the highest standards for excellence for myself; in my business and in my life.....

As a real estate professional, I will make every effort to find or sell your home in a timely and professional manner, and provide you with superior customer service and helpful advise.

I feel it is important to bring my clients the latest cutting edge tools of real estate industry. Therefore, I regularly attend seminars and courses that help to address and serve the needs of my clients better.

Remember, the sale or purchase of a house can be a very overhelming experience. As a professional, I am here to help make your real estate transaction easy.



Education: M.Sc. (Software Engineering)

Specialty: Residential Commercial Investment Properties Mortgages

Experience: 4+

Awards: President Club Award

Area Covered: Brampton, Mississauga, Caledon, Orangeville, Woodstock, Guelph, Milton, Kitchener, Simcoe County, Barrie, Halton Hills, Hamilton, Toronto

Languages Spoken: English