| Legal fees:
You should ask for a quote for fees & disbursements for conveyance
& mortgage. Depending on your transaction, you can expect to pay
between $500 & $800. For an exact quote contact us and we will
connect you with some local professionals. Property Taxes:
Depending on what time of the year your deal closes, you will either be
reimbursed by the purchaser for any taxes you have already pre-paid or
owe them for the part of the year you have owned your home but not as
of yet paid taxes for. Capitol Gains Tax:
In
Canada unfortunately there is no 1031K as a result you will have to pay
a Capitol gains tax on the sale of your property even if you are
turning around and buying another property. The amount of tax will vary
depending on you personal financial situation. If you are a
non-resident owner the Canada Customs & Revenue Agency (CCRA)
requires that 25% to 50% of the sale proceeds be withheld to ensure all
appropriate taxes are paid. You should check with your accountant in
regards to your personal situation. If you would like us to we will
provide you with the names of some local professionals. Real Estate fees:
The
cost of selling your home will vary depending on the price of your
property, and the types of marketing program we use. For quote based
specifically on your property feel free to contact us or click the link
below and fill in as much information as you can. | 