Peter  Woznowski

Peter Woznowski

Sales Representative

GoWest Realty Ltd., Brokerage *

Mobile:
416-995-7767
Office:
416-534-3511
Email Me
Peter  Woznowski

Peter Woznowski

Sales Representative

GoWest Realty Ltd., Brokerage *

Mobile:
416-995-7767
Office:
416-534-3511
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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Peter is a well trained professional specializing in residential real estate, resale and new .He is the longest working Sales Rep. in Gowest Realty, an independent and reputable company established in 1975. Peter has a Master of Special Education and his previous career has helped him to understand and listen to people’s needs and wants.

Peter is patient and a tough negotiator. His outstanding work ethic and commitment to his clients are beyond compare. His business is mostly based on referrals from past clients and previous sales, however new clients are always welcome. He has V.I.P status with most builders and developers, which gives his clients the privilege to buy new condos or houses at the lowest possible price before these offers will reach the public. Peter enjoys working with others and is genuinely interested in helping his clients Make the Right Choice in one of the most important financial decisions of their life.

For Peter, real estate is not only a business but also a passion. He is dedicated to putting his clients first and assuring that they can find a place to call home. Whether you are looking for a bachelor pad or a home in which you can raise your children, Peter will guide and assist you from the beginning to end. Peter is empathetic and always puts himself in his clients’ shoes in order to relate to them so that he can better understand their objectives and preferences. If you’re looking to find peace of mind, Peter offers stress free services guaranteed to satisfy all of his clients. His experience and expertise will help you Make the Right Choice when investing in the real estate market.

 



Designation: M.Ed