Ayan  Deb

Ayan Deb

Sales Representative

IRISE

Mobile:
416-953-2121
Office:
416-203-2715
Email Me
Ayan  Deb

Ayan Deb

Sales Representative

IRISE

Mobile:
416-953-2121
Office:
416-203-2715
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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Prior to entering the world of Real Estate, Ayan worked in the digital field for 15 years.   During that period, Ayan consulted to small, medium and fortune 500 company decision makers on branding and social media marketing to manage their online/offline presence. Ayan has an extensive sales training background having worked for Xerox, Ricoh and Pitney Bowes.  He brings his corporate sales and organizational skills to the world of Real Estate where negotiation skills are needed to achieve tough objectives.

Interesting personal & colourful notes:  Ayan is a professional magician!  He performs locally and abroad for celebrities and corporate clients.  In addition, Ayan is all over the local food scene and loves to try new restaurants as they open.  Ayan runs his own local blog talking about some of his favourite spots around the city/world. 

Ayan’s background in marketing and excellent social and people skills provide his clients with a unique skill set managing clients’ real estate activities including listings, tenant mandates in their search for the perfect location or finding the right buyer for uniques properties from his extensive database.



Languages Spoken: Bengali, English