Josh  Stokes

Josh Stokes

REALTOR®

Keller Williams Platinum Realty

Mobile:
709-771-4168
Office:
(709) 753-4454
Email Me
Josh  Stokes

Josh Stokes

REALTOR®

Keller Williams Platinum Realty

Mobile:
709-771-4168
Office:
(709) 753-4454
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.

 

709-771-4168

  

(709) 753-4454

  
Hey, I’m Josh... aka "Sold By Stokes"- born entrepreneur, down to earth bay boy & loving family guy! Life is busy- when I’m not at the office you’ll find me at the park, rink or in our driveway playing road hockey with my son & best buddy, Bennett. You might even catch me strumming a tune or two serenading my beautiful baby girl, Scarlett. Married to my ‘Bombshell’ wife Michelle, loving mother and a saint who keeps me on my toes- she may even do a social media post for me from time to time.
 
For a short period, before real-estate, our life brought us to Alberta. With a Petroleum Engineering background, I worked specifically as a field supervisor and quality control engineer. A team leader with a great eye for specifics and detail. After 3 years in the field, myself & my wife decided we needed a change. We needed the salt water, our family and our kids to grow up as true Newfies!
 
Shortly after moving, I completed my real-estate licence & the rest is history. I’ve earned “Top Producing Agent” on different levels - ranking in the Top 5% of all REALTORS in the province for 2018 (believe me, that didn’t come easy)! “Top” doesn’t mean you’ll find me drinking expensive champagne and driving luxury cars. I’m more of a dark beer - Rickards Red kinda guy and soon enough my wife will have me driving a minivan. “Top” comes from long hours, trial & error, brainstorming, meeting with mentors, taking every single piece of advice and knowledge anyone is willing to offer and lots of thinking outside the box!
 
I feel every deal is more then a transaction - my clients are now my "Sold By Stokes" family! From start to finish I want to make sure my clients have the best experience possible. Over the years, I’ve bought and sold numerous personal homes and I know how important a trusting client/REALTOR relationship truly is. So, whether you're selling, buying your first home, looking for resale, or to build your own home from the ground up, I’m here to work with you to find exactly what your looking for!