BILL  CHUNG

BILL CHUNG

Real Estate Broker

Royal LePage New Concept, Brokerage *

Mobile:
647-207-2453
Office:
416-223-3535
Toll Free:
1-877-449-7600
Email Me
BILL  CHUNG

BILL CHUNG

Real Estate Broker

Royal LePage New Concept, Brokerage *

Mobile:
647-207-2453
Office:
416-223-3535
Toll Free:
1-877-449-7600
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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647-207-2453

  

416-223-3535

  
VISION
 
TO BECOME A HIGHLY SUCCESSFUL AND LEADING REAL ESTATE BROKER WITH PROFESSIONALISM AND INNOVATION FOR THE CLIENTS.
 
 
MISSION STATEMENT
 
GUIDE CLIENTS TO MAKE AN INFORMED DECISION WITH OPTIMIZED INFORMATION.
PROVIDE PROFESSIONAL WORK FOR THE CLIENTS WITH CODE OF ETHICS, GREAT NETWORK, WISDOM AND KNOWLEDGE.
PROVIDE INNOVATIVE AND NON STOP ROUTINE MARKETING WITH UPTODATED TECHNOLOGY. 
PROVIDE COMFORTABLE BUYING AND SELLING EXPERIENCE THROUGH INFORMED PROCESS AND SEAMLESS CHECKUP FOR THE CLIENT CARE. 
 
 

 

 

 



Designation: B.Sc

Education: SEOUL NATIONAL UNIVERSITY OF TECHNOLOGY YEONSEI UNIVERSITY UNIVERSITY OF TORONTO YORK U/SENECA MOTOROLA TSCC CONDO BOARD DIRECTOR

Specialty: RESIDENTIAL,COMMERCIAL,NEWHOMES,VVIP)PLATINUM PRECONSTRUCTION CONDO SALES. CNE(CERTIFIED NEGOTIATION EXPERT)

Experience: 16 YEARS

Area Covered: DOWNTOWN TORONTO, NORTH YORK, RICHMONDHILL, VAUGHAN,MARKHAM, AURORA, KING, NEWMARKET, BRADFORD, EAST GWILLIMBURY, WHITCHURCHILL STOUFFVILLE, COOKSTOWN.

Languages Spoken: English, Korean