Raj Sharma Sales Representative

Raj Sharma Sales Representative

Featured Listing

16 Queen Mary Dr,  W4485041, Brampton,  for sale, , Raj Sharma, RE/MAX Realty Services Inc., Brokerage*

Heart Warming, Newly Renovated 3 Bedroom Detached Home With Finished Basement. Granite Counter Tops Throughout Main Floor Kitchen And All Washrooms, Along With Upgraded Flooring Throughout The Whole House, Back Splash, High Ceilings, Large Family Size Eat In Kitchen With Walkout To Deck. Etc.. Walking Distance To Schools, Parks And All Amenities !!!!Too Many Upgrades To Mention!!!--

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Featured Listing

4 Colt Lane,  W4466899, Brampton,  for sale, , Raj Sharma, RE/MAX Realty Services Inc., Brokerage*

(Wow) Absolute Show Stopper!2800+ Sf Of Luxury+ 5 Huge Bedrooms+ 151 Feet Deep Lot On A Cul-De-Sac Location In Prestigious Vales Of Castlemore Area! Steps Away From Schools, Park, Plaza, Formal Living Dining And Family Roomsexcellent For The Growing Family! Large Kitchen With Centre Island & Breakfast Area With Walk-Out To The Deck & Yard. This Is Truly The Place To Call Home! Shows 10++ Bring Ion Your Fussiest Clients And Show With Confidence

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Featured Listing

118 Leadership Dr,  W4436894, Brampton,  for sale, , Raj Sharma, RE/MAX Realty Services Inc., Brokerage*

Stunning 4 Br/5 Wr Detached Home With A Builder Finished Basement! Functional Layout W/Over 3000 Sq.Ft Of Liveable Space! Db/Door Entry, Oak Stairs W/Iron Pickets, Sep Liv/Din & Family Rm, Upgraded Kitchen W/Granite C/Tops, Centre Island, Extended Pantry, Under Cabinet Lighting W/ S/S Appliances. Bright Eat-In Area W/A Bow Window & Walkout To Custom Stone Patio! 4 Spacious Bedrooms,Master W/5 Pc Ensuite Bath. Bathrooms W/ Counter Height Vanities! Plz See Tour

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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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© RE/MAX Realty Services Inc., Brokerage**Independently Owned & Operated905.456.1000295 Queen Street East, Brampton, Ontario, L6W 3R1
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