BHUPINDER   SINGH

BHUPINDER SINGH

Sales Representative

RE/MAX REAL ESTATE CENTRE INC.

Mobile:
519-590-8254
Office:
519-741-0950
Email Me
BHUPINDER   SINGH

BHUPINDER SINGH

Sales Representative

RE/MAX REAL ESTATE CENTRE INC.

Mobile:
519-590-8254
Office:
519-741-0950
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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519-590-8254

  

519-741-0950

  

Welcome to my Web site. I am a professional full time Realtor working with RE/MAX Real Estate Centre Inc. My goal is to provide you with Great Advice and Honest Service that leads to Great Results! I pride myself on providing professional ethical and honest advice with a very high level of customer service to all my clients with an extended education in many specialties in the Real Estate industry and I am Multilingual and can fluently converse in English, Hindi, Punjabi and Urdu. I would love to assist you with all of your Real Estate needs. As a Licensed Sales Representative with the Ontario Real Estate Association, I can help you to sell or buy, Lease, Rental, Residential, Commercial, Multi- family or Farm Properties.

I have a lot of expensive experience in Pre-construction and Design, I can help you to find the best design and help you to make something custom, in contact with custom Builders.  For being a resident of  KW for almost 15 years and apart from  many years of experience and expertise, and my passion will ensure your satisfaction.

I have a very strong belief in family values and am a resident of Kitchener for almost 15 years and with my Parents, wife Sarabjit, my son Harkirat and Ekamjit. When not working, I enjoy spending time with my kids and family.

Let’s talk Real Estate. If you want to work with me. I need all from you, your commitment and patience.