Our Goods & Services Tax Calculator and Property Transfer Tax Calculator can help you determine the taxes that will apply to you. Goods & Services Tax: you will be subject to pay G.S.T when your purchasing a new home or substantially renovated home. Property Transfer Tax: When you purchase or gain an interest in property that is registered at the Land Title Office, you’re responsible for paying PTT. Please consult with us for further information. These calculators are not to be relied upon, without our advice. Tax Calculators
If you are planning to reside in the new home as your primary place of residence, you may be eligible for a G.S.T New Housing Rebate but this only applies for homes under a certain price point.
You may qualify to reduce or be fully exempt to pay the property tax if:
1. you are purchasing your first home that is under $500,000.00 for full exemption and under $525,000.00 for a partial exemption.
2. you are purchasing a newly built home where the purchase price of the property is $750,000.00 or less.Ask Us