04/04/2021
๐๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐ซ๐๐ง๐ฌ๐๐๐ซ ๐๐๐ฑ (๐๐๐) ๐ถ๐ป ๐๐
When buying a property, PTT is payable to the government on the Completion Date. Your Notary will directly remit the PTT amount to the government on your behalf. PTT is calculated as 1% on the first $200,000 and 2% on the remaining balance up to $2,000,000.
๐ญ๐๐ ๐๐๐๐๐๐๐: $850,000 purchase price
๐๐๐ ๐๐๐ฆ๐๐๐๐: $15,000
You may be able to avoid paying ๐๐๐ if any of these are applicable:
1. ๐
๐ข๐ซ๐ฌ๐ญ ๐๐ข๐ฆ๐ ๐๐จ๐ฆ๐ ๐๐ฎ๐ฒ๐๐ซ
2. ๐๐๐ฐ๐ฅ๐ฒ ๐๐ฎ๐ข๐ฅ๐ญ ๐๐จ๐ฆ๐
3. ๐
๐๐ฆ๐ข๐ฅ๐ฒ ๐๐ฑ๐๐ฆ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ
To learn more about PTT, please contact us.
๐๐ซ๐๐๐๐ญ ๐๐๐ฅ๐๐ฆ ๐๐จ๐ญ๐๐ซ๐ฒ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐ง๐.
5501 Kingsway, Suite 202
Burnaby, BC, V5H 2G3
T: 778.898.5854
F: 778.400.8729
@: [email protected]