Harsh  Kaushik

Harsh Kaushik

Sales Representative

Royal Star Realty Inc., Brokerage

Mobile:
6473945724
Office:
905-793-1111 or 613-709-4311
Email Me
Harsh  Kaushik

Harsh Kaushik

Sales Representative

Royal Star Realty Inc., Brokerage

Mobile:
6473945724
Office:
905-793-1111 or 613-709-4311
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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About Me

Your home is your largest investment AND the place you spend, not just the most time, but your most important time…YOUR TIME. Harsh will match you with the home that reflects you and your world while building your financial future. Greater Toronto Area (GTA) real estate is arguably the greatest investment opportunity in the world today. While buying a home in such an expensive market can seem overwhelming, in fact, it is one of the fastest ways to start growing your personal wealth.
 
Harsh is your advocate in making your dream lifestyle a reality on any scale. Searching for a home can be stressful without a hard-working expert on your side. Harsh takes the burden off you. In his capable hands, the process of finding your dream home is easy and even more prosperous than you had hoped.
 
He backs up his business expertise with an MBA and several years as a consultant to international firms across the globe. But what distinguishes him most is his ability, through all the strategy and emotion surrounding a home sale or purchase is to make a connection between people. Because that’s what our business ultimately comes down to, helping buyers and sellers bridge differing expectations to communicate with one another.
 
With years of experience negotiating, Harsh has the knowledge, training, and skills to move you to the next level of your lifestyle. From Brampton, to Mississauga, to Oakville, to Orangville, to Downtown, to Niagra and sorrounding areas, Harsh knows all that GTA has to offer for your unique tastes. He will put his negotiation skills and knowledge  to work towards getting you into your dream home.