Alex E. Miranda

Alex E. Miranda

Sales Representative

RE/MAX PREMIER INC., Brokerage - Wilson Office *

Mobile:
416-995-7200
Office:
416-743-2000
Email Me
Alex E. Miranda

Alex E. Miranda

Sales Representative

RE/MAX PREMIER INC., Brokerage - Wilson Office *

Mobile:
416-995-7200
Office:
416-743-2000
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 strive to develop a close working relationship with my clients. A significant aspect of providing outstanding service and producing award winning results is maintaining a serviceable inventory of listings, staying in tune with the latest marketing strategies and staying in contact with my clients.

This has been the key to my success and keeps my clients coming back. Over the years my experience, patience, loyalty and performance has earned me the respect and confidence with my clients and colleagues.

 

I have a genuine understanding of what is important to my clients, and pay attention to your wants and needs in helping make your real estate dreams come true. Selling a home can be stressful, but, despite this, with me, you can be assured of the highest quality service and care.

 

 

Alex Miranda:

 

Platinum Award Winner 2021 - Top 50 Teams for Re/Max Canada #39 and World#86

100% Award Winner 2020 - Top 100 Teams for Re/Max Canada #88 

100% Award Winner 2019 - Top 100 Teams for Re/Max Canada #38 and World#95

100% Award Winner 2018 - Top 100 Teams for Re/Max Canada #33 and World#85

100% Award Winner 2017 - Top 100 Teams for Re/Max Canada #35 and World #87

Platinum Team Award Winner 2016 

 

 

 

 



Specialty: Residential and Pre-Construction Condos, Towns and Homes

Experience: 14

Area Covered: Toronto, Vaughan, Mississauga, Brampton, North York, Etobicoke and surrounding GTA

Languages Spoken: English, Spanish