§ Calculator · Housing

Net proceeds from home sale

What this is

What lands in your account after the sale?

Sale price minus mortgage payoff, realtor commission (with HST), legal fees, mortgage discharge or pre-payment penalty, and miscellaneous (staging, repairs, moving).

·Realtor commission: typically 4-5% total, split between listing and buyer agents. Add 13% HST.
·Legal: $1,500-2,500 typical for a residential sale in Ontario.
·Discharge: $200-400 standard; pre-payment penalty if breaking a closed mortgage.

Sale price (CAD)Outstanding mortgageRealtor commission

Legal feesDischarge fee / penaltyOther costs

Net proceeds

$512,225

Total costs

$437,775

Commission + HST

$53,675

Cost breakdown

Realtor commission$47,500
HST on commission$6,175
Mortgage payoff$380,000
Legal fees$1,800
Discharge / penalty$300
Other costs$2,000

Principal-residence exemption: no capital gains tax on the sale of your principal residence. Excludes a portion if you rented part of it out or claimed CCA.

Disclaimer

Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.