Raj Sharma Sales Representative

Raj Sharma Sales Representative

Featured Listing

16 Helmsdale Cres,  W4525476, Toronto,  for rent, , Raj Sharma, RE/MAX Realty Services Inc., Brokerage*

Super Clean Basement Level Of A Detached Home, Excellent Location. Very Spacious, 1 Bedroom For Rent At Low Rate Price For Quick Action. Shows Well A++ Tenants Please. Very Quite Area. Close To School,T.T.C Park, Plazas.

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Featured Listing

66 Gulliver Cres,  W4551480, Brampton,  for sale, , Raj Sharma, RE/MAX Realty Services Inc., Brokerage*

Sold As Is Condition, Needs Some Work, Renovated Kitchen With B/I Dishwasher. All Newer Windows And Doors. New Furnace. Side Entrance To Basement . Some Pot Lighting. Great "G" Section Semi Bungalow On Large Lot.

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Featured Listing

27 Erinville Dr,  X4268758, Erin,  for sale, , Raj Sharma, RE/MAX Realty Services Inc., Brokerage*

First Time Offered Modern High Demand Condo For Sale. New In 2007 2950 Sq Ft Of Well Designed Space Situated In Prestigious Boothill Automotive Mall. Features 15' Ceilings. Two Large Drive In Overhead Doors, 700 Sq Ft Showroom. 900 Sq Ft Office & Showroom. 600 Volt-100 Amp Plus 220 Volt Transformer. Very Inexpensive Annual Heating Cost. In Floor Natural Gas Heating System Throughout. Located 30 Min North Of Brampton In Fast Developing Area. Also For Sale In

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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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