Definition
Real estate transfer duties (commonly called 'welcome tax' in homage to Jean Bienvenue, the minister who introduced them in 1976) are calculated on the higher of: - The declared sale price in the deed, AND - Municipal assessment × 1 (value on assessment roll)
2024 scale (Province of Quebec): - On the first $58,900: 0.5% - From $58,900 to $294,600: 1.0% - From $294,600 to $552,300: 1.5% - From $552,300 to $1,066,200: 2.0% - Above $1,066,200: 2.5%
In Montreal: an additional 0.5% applies on the portion > $552,300 (totaling 3% on the highest bracket in Montreal).
Example: purchase at $500,000 = (58,900 × 0.5%) + ((294,600-58,900) × 1%) + ((500,000-294,600) × 1.5%) = $295 + $2,357 + $3,081 = $5,733