GOVT & Land Transfer Tax
In the Dark about how to calculate the CMHC FEES?
see below for info on the NEW Toronto Land Transfer Tax
|
Table of CMHC Mortgage Loan Insurance Premiums |
|
|
Loan Size % of Lending Value) |
Single Advance Premium (% of Loan) |
Up to and including 65% |
0.50% |
Up to and including 75% |
0.65% |
Up to and including 80% |
1.00% |
Up to and including 85% |
1.75% |
Up to and including 90% |
2.00% |
Up to and including 95% |
2.75% |
Traditional Down Payment Flex Down |
2.90% |
Up to and including 100% |
3.10% |
What about the HOME BUYERS PLAN and RSP's? Do you qualify? This link will take you to the Revenue Canada Site specific to the Home Buyer's Plan. Enjoy!
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