Antonio (Tony)  Silva

Antonio (Tony) Silva

Sales Representative

Forest Hill Real Estate Inc., Brokerage*

Mobile:
647-409-6624
Office:
905-695-6195
Email Me
Antonio (Tony)  Silva

Antonio (Tony) Silva

Sales Representative

Forest Hill Real Estate Inc., Brokerage*

Mobile:
647-409-6624
Office:
905-695-6195
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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647-409-6624

  

905-695-6195

  

I have been in the services industry for over 20 years and I have gained a lot of experience interacting with the public and learned many important things such as: treating everyone with respect, maintaining open dialogue in order to avoid miscommunication, being as informative as possible, being punctual and many others which are crucial to exercising my profession.

There are a lot of Real Estate sales representatives out there but, unlike me, very few will always keep your best interests at heart and go that extra mile to assist you in getting the best price when you sell or in finding you and your family the house of your dreams.

My demeanor towards helping you sell your home or finding the right home for you is professional, knowledgeable and sincere.

I became a Real Estate agent to help people with the overwhelming prospect of finding the best home for their families as well as, when it’s time to sell, easing the stress and anxiety of selling it for the best price possible within the least amount of time.

Selling your home or buying the right one is an important step, and having the right Real Estate agent to help you can make all the difference.

 



Specialty: Residential, Condos & Commercial

Area Covered: Toronto, Mississauga, Vaughan, Aurora, Newmarket, Thornhill, Richmond Hill

Languages Spoken: English, Portuguese, Spanish