A Tradition of Trust 
Amy Assaad TOP 1% OF REALTOR'S IN CANADA Montreal, QC
Phone: 514-934-1818 Email Amy

Welcome Tax


Transfer of Property Tax or “Welcome Tax”

The tax, which is based on the selling price or on the M.U.C. evaluation of the property whatever is greater. It will be calculated as follows:

 

 

Taxation Base

Taxation Rate

$0 – $50,000

0.5%

$50,000 – $250,000

1%

$250,000 – $500,000

1.5%

Over $500,000

2%

 

After you have signed the deed of sale at the notary’s office, the municipality will send you an invoice shortly after you have moved into your new home. We are glad to have you, come again!

Example #1 Sales price:  $ 150,000 

 

.005 x $ 50,000 =

$ 250

.01 x $ 100,000 =

$ 1,000

Transfer tax

$ 1,250

 

Example # 2 Sales price:  $ 300,000  

 

.005 x $ 50,000 =

$ 250

.01 x $ 200,000 =

$ 2,000

 .015 x $ 50,000 =

$ 750

Transfer tax

$ 3,000

 

 

Example #3  Sales price Transfer tax
  $ 100,000 $ 750 
  $ 150,000  $ 1,250 
  $ 200,000 $ 1,750
  $ 250,000 $ 2,250
  $ 300,000 $ 3,000
  $ 350,000 $ 3,750