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
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