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Acronym Monday: LTT

Land Transfer Tax

Proof that I have a good memory.

Land Transfer Tax (LTT) is a one time fee, charged when transferring a property from one person to another in certain provinces.

The amount is typically based on the selling price and is paid to the province or territory where the property is located.

Your real estate team will have an idea of what this will cost and will review all of this before anything is signed.

Make sure to chat with your realtor about LTT!


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