Land Transfer Tax | Closing Costs | First Time Home Buyer

Land Transfer Tax | Closing Costs | First Time Home Buyer
What is Land Transfer tax? Who pays it? When is it paid? All these are great questions when discussing closing cost and land transfer tax. If you are a first time home buyer or a repeat buyer, land transfer tax is an important issue.

In this video, Michael discusses everything you need to know about Land Transfer Tax. Michael does a live example of Land Transfer Tax with Ontario, Canada rates.

Land Transfer Tax | Closing costs | Timestamps

1:37 Land Transfer Tax Overview
2:14 Are Sellers subject to this Tax?
2:50 The Tax Rates
3:58 Tax Rate Example
5:19 The Land transfer Tax Calculator
6:20 First Time Home Buyer Rebate
7:19 Documents Needed for Buyer Rebate
8:31 Land Transfer Tax Vs Property Taxes
9:15 Most important Part of this Video
9:46 Conclusion

Land Transfer Tax Ontario Calculator http://www.trebhome.com/buying/LTT_calculator/ltt_calculator.htm
Top 10 Closing Cost When Buying a Property https://www.michaeljakobczak.com/single-post/closing-costs

For new weekly videos, subscribe here! https://www.youtube.com/channel/UCy2E…
Follow us on twitter https://twitter.com/mjakobczak1
Like us on Facebook https://www.facebook.com/LiveTorontoR…
Connect with us on the web http://www.michaeljakobczak.com

Land Transfer Tax | Closing Costs | First Time Home Buyer