Welcome Tax Calculator
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How to calculate your welcome tax?
To calculate this tax, it is necessary to base it on the higher value between the municipal assessment and the purchase price.
From this amount, simply distribute it according to the following brackets: *
| Bracket | Amount |
|---|---|
| $0 to $58,900 | 0.5% of the amount in this bracket. |
| $58,900 to $294,600 | 1.0% of the amount in this bracket. |
| $294,600 and more | 1.5% of the amount in this bracket. |
| $500,000 and more | 1.5% to 3% of the amount in this bracket, depending on the municipality*. |
Then you add these sums.
The total thus obtained corresponds to the amount of your welcome tax.
You can also make your life easier by using the calculator available to your right :)
Examples of calculating transfer taxes
Calculation updated with 2024 rules
Here are 2 examples you can also use to validate your understanding of the tax calculation:
Example #1: Purchase of $380,000
- 0 to $58,900 = $58,900 x 0.5% = $294.50
- $58,900 to $294,600 = $235,700 x 1% = $2,357
- $294,600 to $380,000 = remaining $85,400 x 1.5% = $1,281
- Amount to pay: $294.50 + $2,357 + $1,281 = $3,933.50
Example no. 2: Purchase of $600,000
- 0 to $58,900 = $58,900 x 0.5% = $294.50
- $58,900 to $294,600 = $235,700 x 1% = $2,357
- $294,600 to $600,000 = remains a slice of $305,400 x 1.5% = $4,581 (note exceptions*)
- Amount to pay: $294.50 + $2,357 + $4,581 = $7,232.50
* Differences in calculating transfer taxes in certain cities
The rules above apply to the purchase of a property in most municipalities in Quebec.
Differences in the applicable comparative factors and in the rates of certain levels affect the transfer tax amounts for several cities. Consult your municipality's website to check the rules in force and call a professional to help you calculate the exact amount you will have to pay.
If you notice an error in the calculations for a given municipality, do not hesitate to let us know at info@taxedebienvenue.com, we will be happy to make the necessary corrections!