Seller's Net [Canadian] Calculator
Sales Price =
Commission = 4
TPS = 5
TVQ = 9.975
Loan Amount = 0
Other Costs = 0
Net Amount =
Commission Amount =
TPS Amount =
TVQ Amount =
Other Amount =
Total Expenses =
Calculates the net amount a seller could receive from the sale of real estate in Canada. It includes all applicable national and provincial taxes. Also useful for calculating the commission owed to a real estate agent.
- Sales Price: Sales price of the property.
- Commission: Commission expressed as a percentage of the sales price of the property.
- TPS: national tax, entered as a percentage.
- TVQ: provincial tax, entered as a perctenage.
- Loan Amount: Amount of any outstanding loans remaining on the property.
- Other Costs: Other costs related to selling the property (i.e., closing costs).
- Net Amount: Net proceeds from the sale of the property.
- Commission Amount: Amount of commissions paid.
- TPS Amount: Amount of TPS tax.
- TVQ Amount: Amount of TVQ tax.
- Other Amount: Amount of other expenses associate with the sale.
- Total Expenses: the sum of the section or all expenses excluding the original Loan Amount.
You believe you can sell your client's home for $200,000. How much will they receive if they have $125,000 remaining on the loan, would owe 6% in sales commissions, and would incur an additional $2,000 in expenses to sell it? The national tax is 5% and the provincial tax is 7.5%.
- Sales Price: 200,000.00
- Commission: 6.000%
- TPS: 5.000%
- TVQ: 7.500%
- Loan Amount: 125,000.00
- Other Costs: 2,000.00
Your client's would receive $59,499.55 after sale. This includes $12,000 in commissions.