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Property Transfer Tax (PTT)

Blog by | February 10th, 2007

A property transfer tax (PTT) is a provincial government tax which applies on all transfers of Real Estate and is payable on the completion date. The rate of tax is one per cent (1%) on the first $2000,000.00 of the pruchase price and two per cent (2%) on the balance of the purchase price over $200,000.00