Transfer tax(Welcome tax), Montreal

The chart below lists the general transfer/welcome tax

On the portion of the value:

Rate

From 0 to $50,000:

0.5 %

Over $50,000 but not exceeding $250,000:

1.0 %

Over $250,000 but not exceeding $500,000:

1.5 %

Over $500,000:

2.0 %

As an example, taxation on a property value of $610,000 calculated on the above scale would be as follows:

The first $50,000 multiplied by 0.5%: $250
The next $200,000 multiplied by 1.0%: $2,000
The next $250,000 multiplied by 1.5%: $3,750
The last $110,000 multiplied by 2%: $2,200

Consequently, the total land transfer duties on this property would be $8,200.

Do not hesitate to contact Ville de Montréal if you have any further questions in this regard.

The ACAIQ Info Centre is open from 9:00 a.m. to 4:00 p.m. on Monday, Tuesday, Thursday and Friday, and from 10:00 a.m. to 4:00 p.m. on Wednesday to answer any questions regarding the Real Estate Brokerage Act. To contact an agent at the Centre, call 450 462-9800 or 1 800 440-7170 or send an email to info@acaiq.com, making sure to include your complete contact information so an agent can call you back...

Jeffrey Adessky

Jeffrey Adessky

Real Estate Broker
CENTURY 21 Vision
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