Lisa  Reis

Lisa Reis

Sales Representative

SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

Mobile:
613-545-7347
Office:
613-384-5500
Email Me
Lisa  Reis

Lisa Reis

Sales Representative

SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

Mobile:
613-545-7347
Office:
613-384-5500
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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Welcome to my Home Sweet Home Real Estate website.  Here you will find all your Real Estate needs and wants information.  If there is something missing or you cannot find the answer for your question, please do not hesitate to contact me.  As a Woman born, raised and growing my Family here in this beautiful Limestone City we are surrounded by many waterways and islands.  It truly is a beautiful place to enjoy water, history, nature and all it's tranquillity.  Kingston Offers a relaxed environment full of unique shops, Family owned restaurants, a beautiful waterfront park downtown that hosts many events as well as Fort Henry, CFB and boat cruises, just to mention a few.  This City is nestled perfectly off the 401 between Toronto and Ottawa with the American border being less then 30 minutes away and only about 15 minutes to Gananoque which is the Gateway to the Thousand Islands,  truly this is the perfect place to live!  Welcome to our Beautiful town if you are new to this Area and if you've been here for years or for a lifetime, please do not forget to explore just how lucky you are to have all of its offerings and live in such a Blessed City and what was the First Capital of Canada.



Education: OREA College- Graduated in 2006

Experience: 11 years of Experience

Awards: 2011, 2015, 2016, Directors Award for Sutton Group Masters Realty Brokerage, Inc.

Area Covered: Kingston and Surrounding Area.

Languages Spoken: English