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Land Transfer Tax is a provincial tax imposed on the sale of residential and commercial properties and is charged according to the purchase price. It is collected at the Land Registry Office at the time the Transfer/Deed of Land is Registered and the Transfer cannot be registered without payment of the tax.
Land Transfer Tax Calculation Table for a Single Family Residence
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| Purchase Price |
| $0.00 to $55,000.00 |
X |
.005 |
= |
tax payable |
| $55,001.00 to $250.000.00 |
X |
.01 - $275.00 |
= |
tax payable |
| $250.001.00 to $399,999.99 |
X |
015 - $1,525.00 |
= |
tax payable |
| $400,000.00+ |
X |
.020 - 3,525.00 |
= |
tax payable |
Please note that the Government from time to time introduces programs to give breaks to first time home buyers and on new homes. A purchaser should inquire into whether they are eligible for any of these programs.
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