Diego J. Cardenas

Diego J. Cardenas

Sales Representative

RE/MAX PREMIER INC. Brokerage*

Mobile:
647-207-4190
Office:
416-987-8000
Email Me
Diego J. Cardenas

Diego J. Cardenas

Sales Representative

RE/MAX PREMIER INC. Brokerage*

Mobile:
647-207-4190
Office:
416-987-8000
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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647-207-4190

  

416-987-8000

  

 I would like to take this opportunity to tell you a little bit about my life as a REALTOR and the ambition l have to help families to reach their goals in the community. l have prided myself in my passionate, energetic and heartfelt drive to serve my clients’ best interests. Dedicated to listening attentively and matching individuals and families with the properties that best suit their needs. Specialized in home buying and selling, investment properties, luxury homes, and multi-residential properties. Now as part of the Big RE/MAX Community, we have built a reputation for our refreshingly friendly customer care and proven ability to guide buyers to obtain the best value for their home and to assist sellers to a smooth, stress-free sale of their properties. Our business today is built on: Dedication, Communication, Determination, & Trust while embodying the ability to cater and adapt to all of our client’s Real Estate needs. Our strong background in digital marketing and Graphic Design brings a strategic yet personable approach to the home buying and home selling process. With many years involved in Real Estate, we fully understand of the diverse needs of families and what it is like to stand in our clients’ shoes. Relocating several times – buying and selling houses of our own – has provided us a sensitivity towards our clients’ and families in the community. Rest assured that we will continue to be dedicated, knowledgeable, and committed to finding the perfect fit, whether apartment or home, for our clientele and for you. We will regularly seek to stay ahead of the game when it comes to market education and trends to be able to provide you the best solution available.



Languages Spoken: English, Spanish