TOOLS

Calculatrice
   

CalcBienvenue

Duty on transfers of immovables ?

Municipalities levy an amount on the sale of immovable property (new or existing) in their territory.. The amount, officially known as the « duty on transfers of immovables », is commonly referred to as the « welcome tax ».

It is paid by the purchaser, based on the highest of the following three amounts :

  • The price paid for the property;
  • The amount recorded in the deed of sale;
  • The value entered for the property in the municipal taxation roll.

  • Note: A buyer may be exempt from paying the duties on transfers in certain cases.

    Source: Ministère des affaires municipales du Québec (French only)

    Calculations - City of Montreal

    Calculations for the city of Montreal are based on these parameters :

  • 0.5% on immovable exceding 50 000$

  • 1.0% on immovable exceding 50 001$ without exceding 250 000$

  • 1.5% on immovable exceding 250 000$ without exceding 500 000$

  • 2.0% on immovable exceding 500 000$

  • Source: Official Website of the City of Montreal

    Calculations - Other Municipalities

    Calculations for other municipalités (other than Montreal) are based on these parameters :

  • 0.5% on immovable not exceding 50 000$

  • 1.0% on immovable exceding 50 001$ without exceding 250 000$

  • 1.5% on immovable exceding 250 000$

  • Source: Ministère des affaires municipales du Québec (French only)
       
     
       Home   |  Tools  |  Français   |  Español  |  Contact  |  Site by: Angelo Ciciotti
    © Inter-Choix Enr.  -  All rights reserved