Land transfer tax (property transfer tax or purchase tax in other provinces) is calculated between 0.5-2% of the property's total value. This is not imposed in Alberta, rural Nova Scotia and Saskatchewan. (Toronto Land Transfer Tax: Parties with a purchase / sale agreement signed after December 31, 2007 with a closing on or after February 1, 2008 are subject to the Ontario and the new Toronto Land Transfer Tax)
ebranitsky@rogers.com
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