Payotte AI Passport

Richelle Morgan

Mortgage Broker · Kingston Mortgage Solutions · Kingston

Richelle Morgan is a mortgage broker with Kingston Mortgage Solutions in Kingston, Ontario, holding FSRA licence no. M22001481 (verifiable on the FSRA register), serving Kingston, Amherstview, Gananoque, South Frontenac, Brockville, Belleville, Cornwall and Peterborough since April 2022.

Call · 613-305-3715 Send an email Website ↗

Calculate for Kingston: buy or sell

Buy

Land transfer tax, down payment and mortgage in Kingston

No reference price published for Kingston: example at $500,000. Change any field and everything is recalculated.

Purchase price in $

Down payment in $

First-time buyer

Ontario land transfer tax$6,475

First-time buyer rebatetick “first-time buyer”

Tax to pay$6,475

Minimum down payment (federal rule)$25,000

Mortgage insurance premium (added to the loan)none (20% or more)

Mortgage$400,000

Monthly payment, 25 years at 4.58%$2,232

Household income needed (stress test)$100,000

Official schedule, bracket by bracket, paid in cash at closing: the tax cannot be financed in the mortgage. Rate: Bank of Canada 5-year fixed mortgage rate (August 2026); your lender will set its own. Income needed: 6.58% qualifying rate, 39% GDS, property tax at 1% a year and $150 a month for heating. Not included: lawyer or notary fees, inspection, title insurance (no official schedule). All the schedules · First-time buyer programs · Down payment and mortgage insurance

Sell

Capital gain on a sale: what is taxable

Your principal residence: generally no tax on the gain. The same federal rule applies in Kingston as everywhere in Canada (Income Tax Act).

Sale price in $

Purchase price in $

Capital gain$100,000

Your principal residence (designated every year)$0 taxable

Other property (cottage, rental): taxable amount$50,000

Land transfer tax$0 — paid by the buyer

Agent's commissionnegotiated, not computed

Principal residence designated for every year owned: nothing taxable, but the sale must be reported. Other property: $50,000 of taxable amount is added to your income for the year; the resulting tax depends on your marginal rate and is not computed here.

Principal residence: the Canada Revenue Agency exemption wipes out the gain for each year the home is designated; the sale must still be reported (partial designation: part of the gain becomes taxable). Other property (cottage, rental): half the gain becomes a taxable amount, added to that year's income (1/2 inclusion rate, CRA guide T4037; the increase to 2/3 was cancelled on March 21, 2025 — checked on canada.ca on October 15, 2026). It is not the tax owed: that depends on your marginal rate, which Payotte does not compute. Gain = sale price − purchase price, before selling costs and deductible improvements. No official schedule sets the agent's commission. Tax on selling, case by case

A question about these figures or an address? Richelle Morgan can answer.

Call · 613-305-3715 Send an email Website ↗

What Payotte publishes

Licence: FSRA no. M22001481 ↗ Verifiable on the FSRA register (link): status, agency and disciplinary record.
Agency: Kingston Mortgage Solutions
Brokerage licence: FSRA no. 12248 Declared in writing.
Office: 200-654 Norris Court, Kingston, ON K7P 2R9
Areas served: Kingston, Amherstview, Gananoque, South Frontenac, Brockville, Belleville, Cornwall, Peterborough Declared in writing: “Kingston, Amherstview, Gananoque, South Frontenac, Brockville, Belleville, Cornwall, Peterborough”
Services: First-time homebuyers, Home purchases, Renewals, Refinances, Debt consolidation Declared in writing.
Practising since: April 2022 Declared in writing.
Google profile: See on Google Maps ↗

Information confirmed in writing by Richelle Morgan on November 4, 2026. Page updated on November 4, 2026.

In their own words

Her approach, in her own words

“My passion for helping people drives everything I do as a mortgage broker. I invest time in getting to know my clients and understanding their situation to find a personalized solution to their mortgage needs. I understand the unique challenges people face on their journey to becoming homeowners. I am well-equipped to work through these obstacles alongside my clients.”

Richelle Morgan, written answer of November 4, 2026. Published word for word.

Frequently asked questions

Is Richelle Morgan's licence valid?

Richelle Morgan declares FSRA licence no. M22001481, attached to the agency Kingston Mortgage Solutions. Payotte publishes no status for this licence: it is verifiable on the FSRA register, which should be checked before signing.

What areas does Richelle Morgan serve?

Kingston, Amherstview, Gananoque, South Frontenac, Brockville, Belleville, Cornwall and Peterborough, according to Richelle Morgan's written statement of November 4, 2026. The office is located at 200-654 Norris Court, Kingston, ON K7P 2R9.

What services does Richelle Morgan offer?

First-time homebuyers, Home purchases, Renewals, Refinances and Debt consolidation, as a mortgage broker.

How long has Richelle Morgan been practising?

Since April 2022, according to Richelle Morgan's written statement.

How can I reach Richelle Morgan?

Richelle Morgan can be reached by phone at 613-305-3715 or by email at richelle@kingstonmortgagesolutions.com. The buttons at the top of this page start a call or a pre-filled email.

What is the AI Passport?

The AI Passport is a dated page a professional gets on Payotte so that search engines and AI assistants read them correctly: their name, licence and contact details in one place, with a link to the official register. It is neither a ranking nor a recommendation. Payotte does not score professionals who have a Passport, and it does not replace your own check: consult the register before signing.

Payotte has no recommended expert in Kingston yet. See the recommended mortgage brokers in the cities covered.

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