Office: (519) 624-1236

  Email: sales@lwolf.com
 



 


            

Land Transfer Tax

Land Transfer Tax Purchasers in most large Canadian centres 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 a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from a half a per cent to two per cent of the total value of the property.

Many provinces have multi-tiered taxation systems that can prove complicated. If you purchase a property for $260,000 in Ontario, for example, .5 per cent is charged on the first $55,000, 1 per cent is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5 per cent. Your total tax bill? $2,375.00.

The following list shows Land Transfer Taxes by province.

Ontario

  • Land Transfer Tax
  • Up to $55,000 X .5 % of total property value
  • From $55,000 to $250,000 X 1 % of total property value
  • From $250,000 to $400,000 X 1.5 % of total property value
  • From $400,000 up X 2 % of total property value

British Columbia

  • Property Purchase Tax
  • Up to $200,000 X 1 % of total property value
  • From $200,000 up X 2 % of total property value

Manitoba

  • Land Transfer Tax
  • Up to $30,000 N/A
  • From $30,000 to $90,000 X .5 % of total property value
  • From $90,000 to $150,000 X 1 % of total property value
  • From $150,000 up X 1.5 % of total property value

Quebec

  • Transfer Tax
  • Up to $50,000 X .5 % of total property value
  • From $50,000 to $250,000 X 1 % of total property value
  • From $250,000 up X 1.5 % of total property value

Nova Scotia

  • Land Transfer Tax

Halifax Metro

  • 1.5 per cent on total property value

Outside Halifax County

  • Check with local municipality.


Home   |   Listings   |   Buying   |   Selling   |   Reports   |   Calculators   |   Terms   |   Representatives   |   Contact   |   Join Our Team
 

About Us

231 Shearson Crescent Cambridge, ON N1T 1J5

Welcome to your online real estate resource center. As qualified Real Estate professionals we understand what it takes to help buy or sell homes in todays economy. There are many questions that should be carefully answered, whether you're a first time home buyer or an experience investor - each and every real estate transaction can have its own unique challenges. That's where REALTORS® like ours should get involved to help you navigate through these multiple - and often challenging - questions. Feel free to use this website to search for current homes for sale, educate yourself more on the process of buying or selling a home and of course, feel free to contact us to get started.

 

                   

Phone: (519) 624-1236
Fax: (519) 624-8950
Toll-Free: 1 (866) 279-9653
Email: sales@lwolf.com

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 9/23/2018 6:33:44 PM