Anita  Merlo

Anita Merlo

Broker

Bosley Real Estate, Brokerage *

Mobile:
416-737-5214
Office:
416-530-1100
Email Me
Anita  Merlo

Anita Merlo

Broker

Bosley Real Estate, Brokerage *

Mobile:
416-737-5214
Office:
416-530-1100
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 have been helping people navigate the real estate world since 1986. I have seen and succeeded in every imaginable real estate market and economic environment. The market circumstances of the day each have their own unique set of challenges and opportunities. You can count on me to overcome the challenges for you and celebrate the opportunities with you.

I am proud to be a consistant, multi-award winning Real Estate Broker. I care about honest business done with integrity. This is why I have served for many years on the Real Estate Council of Ontario both as Vice Chair of the Ethics Committee and as Vice Chair of the Appeals Committee.

It takes an abundance of focus and energy to stay on top of the ever-changing real estate market. I keep sharp by doing long road trips on road bike, playing and organizing women’s ball hockey, donating and givng back to various charitable causes.  I also mentor and advise other realtors at the office in a role of Assistant Branch Manager.

Nearly 100% of my happy clients are repeat or referral. It’s easy to see why. If you are looking for a hard-working, knowledgeable and uniquely practical approach to real estate, look no further than me, Anita Merlo , Broker as your professional real estate concierge!

 



Experience: 33 years of award winning sales in 2019

Area Covered: Toronto