Mark  Primeau

Mark Primeau

Broker

HomeLife/DLK Real Estate Ltd., Brokerage*

Mobile:
613-349-7508
Email Me
Mark  Primeau

Mark Primeau

Broker

HomeLife/DLK Real Estate Ltd., Brokerage*

Mobile:
613-349-7508
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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613-349-7508

  

HomeLife/DLK is pleased to welcome Mark Primeau, who has a wealth of knowledge in commercial and Residential real estate and practices both in commercial and residential sales.

Mark is married to Bonnie and they have 3 children and 3 grandchildren.

Mark enjoys volunteering and has sat on many boards, committees and organizations within the community including the Chamber of Commerce and the Rotary Club, Mark was also a former member of the Brockville Rifles.

Mark, ventured into politics by being involved in the executives of both federal and provincial parties along with a few runs for municipal office.

Mark & Bonnie look forward to helping you navigate your family and business real estate needs and providing good old fashioned customer service with honesty and integrity.

Please call us to start your journey to success.



Designation: BA Th.

Experience: 15

Languages Spoken: English