Gerald  Lawrence

Gerald Lawrence

Salesperson

Coldwell Banker - R.M.R. Real Estate, Brokerage*

Mobile:
416-556-0238
Office:
905-852-4338
Email Me
Gerald  Lawrence

Gerald Lawrence

Salesperson

Coldwell Banker - R.M.R. Real Estate, Brokerage*

Mobile:
416-556-0238
Office:
905-852-4338
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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416-556-0238

  

905-852-4338

  

Assistant Manager;
Coldwell Banke® Luxury Property Specialist;
Sellers Representative Specialist - SRS℠;
Seniors Real Estate Specialist - SRES®;
CARTUS Relocation Specialist;
No. #1 Agent - Branch Office* - 2010, 2011, 2012, 2014*;
Top 25 Producer - 2010, 2011, 2012, 2014, 2015, 2016 - CBRMR;
Top 14% of Worldwide Coldwell Banker Agents - 2012;
Top 11% of Worldwide Coldwell Banker Agents - 2014;
Top 6% of Worldwide Coldwell Banker Agents - 2016;
Top 15% of Worldwide Coldwell Banker Agents - 2017;
Coldwell Banker® International Sterling Society - 2012;
Coldwell Banker® International Diamond Society - 2014;
Coldwell Banker® International President's Circle - 2016;
Coldwell Banker® Canada Ultimate Service Award - 2016;
Coldwell Banker® International Sterling Society - 2017;
Coldwell Banker RMR Real Estate Sapphire Award - 2018



Specialty: Detached Homes Townhomes International Real Estate Luxury Properties Caribbean Luxury Villas & Estates Oceant Front & Ocean View Prime Lots Golf Course Communities Hobby Farms Acreage Properties Vacant Land Estate Sales Power of Sales

Experience: Since 2009

Awards: Coldwell Banker® International Sterling Society - 2012; Coldwell Banker® International Diamond Society - 2014; Coldwell Banker® International President's Circle - 2016; Coldwell Banker® Canada Ultimate Service Award - 2016; Coldwell Banker® International Sterling Society - 2017; Coldwell Banker RMR Real Estate Sapphire Award - 2018

Area Covered: Uxbridge, Stouffville, Scugog (Port Perry), Sunderland, Newmarket, Bradford, East Gwillimbury, Aurora, Stouffville, Markham, Ajax, Pickering, Brooklin, Whitby, Oshawa, Scarborough, Richmond Hill, Toronto, King Township, Bradford

Languages Spoken: English