Gary  Saini

Gary Saini

Real Estate Broker

RE/MAX GOLD REALTY INC.

Mobile:
416-219-8046
Office:
905-456-1010
Email Me
Gary  Saini

Gary Saini

Real Estate Broker

RE/MAX GOLD REALTY INC.

Mobile:
416-219-8046
Office:
905-456-1010
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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Thank you for visiting my Website, It has been my love and passion for Real Estate that my clients made me multiple Award Winning Realtor, including Top 5% Realtor in Canada multiple times. I have been serving in the Greater Toronto Area in Ontario, Canada since 2007.

Client Service is my motto and being my client, you are always number one!!

For my clients:

* I am available 24/7 -> Call/Text me anytime 24/7

** I will simplify things, communicate timely & You will always know what is going on.

*** As my client, you will get full disclosure, anything important, shall be disclosed to you.

**** As my client, your interest is paramount to me, I work for you, in your interest, always.

***** Your privacy is extremely important, your information is confidential.

Over the years, I have worked in every aspect of the industry including Residential, commercial and investment properties representing buyers, sellers, first time buyers and investors. Whether you are thinking of selling or buying residential or commercial, I understand the process can be challenging and complicated but I shall simplify the process and handle everything for you. I use my experience and foresight to proactively address details and make your experience positive and seamless. I focus on taking the pressure off you, so that you can make clear and concise decisions throughout the process.

In my practice of real estate, I am well known for my reliability, integrity, great customer service, consistent communication, attention to detail and ensuring a positive experience for all parties in the transaction. Your home is probably the biggest investment you will make. You can count on me to provide you with a service beyond your expectations and enjoy a worry free move. For a free no obligation consultation, call me today and let me help you turn your real estate dreams into a reality.

Thank you, - Gary Saini, Real Estate Broker, Re/Max Gold.



Education: Bachelor Of Arts, Post Graduate Diploma in Computer Applications.

Specialty: Residential, Commercial and Investment

Experience: 16

Awards: President Club Award 2022

Area Covered: Greater Toronto Area in Ontario Canada. Etobicoke, Toronto, Brampton, Mississauga, Oakville, Burlington, Hamilton, Niagara Region, Fort Erie, York Region, Durham Region, Clarington, Keswick, Barrie, Alliston, Cambridge, Guelph, Kitchener & Waterloo.

Languages Spoken: English, French, Hindi, Punjabi