Are you in the process of purchasing a property? You are actively shopping for the house of your dreams, preparing your budget, checking your borrowing capacity at the bank... Have you thought about calculating the amount of welcome tax that you will have to pay to the municipality? Whether you are purchasing a condo, a house, a semi-detached, a plex or a new house, you will have to pay this fee.
So how much does it cost? How does it work? Use the calculator below and consult the information sections to learn more about the Welcome Tax in Quebec :)
Welcome Tax
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How to calculate the amount of welcome tax when buying or selling a house?
To calculate the welcome tax, it is necessary to base it on the higher value between the municipal assessment and the purchase price.
From this amount you need to apply a few rules and percentages to obtain the amount to pay. Detailed rules can be viewed here »
This tax is also known as Quebec's Land Transfer Tax.
Although the foundations of the calculation are the same everywhere in Quebec, certain specificities may differ from one municipality to another. You will find examples of these exceptions on the pages dedicated to the following cities: Levis, Montreal, Quebec
How long do you have to pay this tax?
Generally, you receive notification of payment between the third and sixth month following your visit to the notary.
The deadline varies depending on the city and the period when you note the transaction. Once the account is received, you have a maximum of 30 days to pay the balance. After this period, interest will be charged in addition.