Hetal  Mehta

Hetal Mehta

Sales Representative

RE/MAX Millennium Real Estate Brokerage

Mobile:
(416) 731-7010
Office:
(905) 265-2200
Email Me
Hetal  Mehta

Hetal Mehta

Sales Representative

RE/MAX Millennium Real Estate Brokerage

Mobile:
(416) 731-7010
Office:
(905) 265-2200
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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I am a full-time Realtor and help people in Buying / Selling / Investing Homes & Condos. My process is straight forward and completely customer satisfaction oriented. I use my power of Negotiation, Technology and Local expertise to achieve the best results.

As a Realtor® licensed in GTA Area, I provide Smarter, Dedicated, Diligent services. My business is built on: Dedication, Communication, Determination, & Trust while embodying the ability to cater and adapt to all of my client’s Real Estate needs.

“Just as the Real Estate industry evolves to become more innovative and efficient, so do I.”

I am a GTA native for over 20 years, My knowledge of the city’s geography can assist you with all of your Residential Real Estate endeavour in GTA ! In addition, I provide exceptional Real Estate services to ensure you feel confident with your decision to hire me. 

"Rest assured I will listen to you! With an understanding of your needs & wants, I will do my best to help you achieve them all.”  I believe in integrity, loyalty, dedication and technology. As a Tech Enthusiast, I believe: “If you Work Smart you can Play Smart.”

  •  I can be someone my Clients can trust.
  •  I can be someone that competent enough to ensure a smooth transaction.
  •  I can be someone who my Clients want to represent themselves.


Specialty: Homes,Condos, Investment, First Time Buyer, Commercial

Area Covered: Peel, Vaughan, Markham