Great news for First-Time Home Buyers regarding Property Transfer Tax. Posted on February 18, 2014 by Judy Sehling Posted in #tax #news #realestate Great news for First-Time Home Buyers! The government has raised the Property Transfer Tax exemption threshold from $425,000 to $475,000. Property Transfer Tax is calculated at a rate of 1% on the first $200,000 and 2% of the remaining... Read