What does the Quebec's Land Transfer Tax represents?
Real estate transfer taxes (also called “welcome tax”) require you, when purchasing a property, to pay registration fees to the municipality. Historically, following cuts by the provincial government, the main objective of this tax was to provide municipalities with an additional source of revenue.
These rights apply at the transfer of a real estate property, whether through a sale, donation, exchange or bequest.
Quebec Land Transfer Tax
Calculate your transfer duties now!
How long do you have to pay your transfer tax?
Generally, you receive notification of payment between the third and sixth month following your visit to the notary.
The time limit varies depending on the city and the period when you go to the notary to sign the transaction. Once payment notification is received, you have a maximum of 30 days to pay the balance. After this period, interest will be charged in addition
How to calculate the amount of your welcome tax (sometimes also called transfer duties)?
Depending on the municipality, the rules for calculating your transfer tax may vary. Follow this link to see some examples of calculations for transfer taxes: