Also known as a Welcome Tax, because of the name of the minister who introduced it, the property transfer tax requires you to pay a registration fee when you acquire a real estate. This tax was established under the law concerning duties on real estate transfers, as determined by the Ministère des Affaires municipales et de l’Habitation – MAMH (French only).
For the year 2025, the rates for transfer duties are as follows:
- On the portion of the basis of imposition which does not exceed $61,500: 0.5%
- On the portion of the basis of imposition which is in excess of $61,500 without exceeding $307,800: 1%
- On the portion of the basis of imposition which exceeds $307,800: 1.5%
When there is exemption from transfer tax on a transfer of property, a municipality may collect an amount of $200 (suppletive duty) or 0.5% of the sale price or the value of the immovable if it is less than $40,000. However, the members of the municipal council of the Municipality of Mille-Isles have agreed not to charge the suppletive fee.
No duties on transfers of immovables will be charged if the sale price is less than $5,000 and the same applies to the valuation of the immovable concerned.
A comparative factor used in the calculation of real estate transfer taxes, as determined by the Ministère des Affaires municipales et de l’Habitation – MAMH (French only).