JEREMY  MEAGHAN-CARGILL

JEREMY MEAGHAN-CARGILL

Sales Representative

Royal LePage Signature Realty, Brokerage *

Mobile:
416-554-4772
Office:
416-443-0300
Email Me
JEREMY  MEAGHAN-CARGILL

JEREMY MEAGHAN-CARGILL

Sales Representative

Royal LePage Signature Realty, Brokerage *

Mobile:
416-554-4772
Office:
416-443-0300
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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     I have always had the expertise to combine my communication and technical skills to cultivate success through sheer determination and execution. Real estate is the culmination of this in so many ways as the realization of individual home ownership and investment goals. I love guiding people as a trusted advisor and solution-focused realtor through any buying, renting, and selling process from start to finish. Armed with ambition, strong work ethic, and entrepreneurial spirit, I will stop at nothing short of ensuring my clients achieve their goals through a stress-free process and only settle for their ideal homes. My varied skill set ranges from property management to carpentry, and home inspection certificate; a unique blend of expertise that further elevates my well-rounded service provision.  I am also part of the Nama Team which has won awards for the top 1% nationally in 2019 and top 2% nationally in 2020 by closing over 500+ lease deals even with the pandemic

     Prior to being a realtor, I attained a Bachelor’s Degree in Sociology and Mass Communication from York University and A diploma in Radio/TV from Seneca College. This explains my proven ability to connect well with my clients through proper communication and my capability in reaching a wider market of prospective clients. I am also CPR trained and a certified lifeguard who enjoys being of service to the community. Bringing the same energy into real estate, I endeavor to save the day by negotiating the best deal at the closing table and ensuring that my client’s dreams turn into reality. With my knowledge of home structures and home systems, I can help sellers to increase the value of their properties and buyer in acquiring a perfect home with a good foundation, roof, and furnace. As a client, you will appreciate my competence, honesty, and commitment with which I handle every transaction.

     Apart from real estate, I have a student pilot’s license and I’m currently studying Kung Fu. It is about discipline, resilience, persistence, and integrity; while never sacrificing ethics and professionalism. It is with the same passion that I strive to build connections to the community by using real estate as a vehicle to develop your financial freedom through homeownership.