Gary  Gaba

Gary Gaba

Professional Realtor

Pathway Executives Realty Inc.

Mobile:
778-551-2151
Office:
604 -398-8871 ext. 721
Toll Free:
1-855-793-9327
Email Me
Gary  Gaba

Gary Gaba

Professional Realtor

Pathway Executives Realty Inc.

Mobile:
778-551-2151
Office:
604 -398-8871 ext. 721
Toll Free:
1-855-793-9327
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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With 20 years of experience in business providing cusomter service along with passion in real estate, I am here to help my clients and guide them through in making biggest decision of their lives investing in real estate.

It does not matter if you are looking for you dream house, investment, or looking for rent. I will take pride in serving my clients and always strive for the best. As a professional in advertising strategies, market knowledge I will work tirelessly to promote your best interests and make your experience as pleasurable as possible.



Education: Grade 12 with all major subjects, Travel and Tourism Diploma, Business Management 2 years Private Investigator, Graphic Designing Marketing Tech

Specialty: Houses, Apartments, Condos and Townhouses. Residential and Commercial

Experience: 22 years

Awards: Best Franchisee Award in 2011, Top Marketing award in 2018

Area Covered: Lower mainland, Fraser valley, GVA and all other areas.

Languages Spoken: English, Hindi, Punjabi, Urdu