Real Estate Transfer Tax

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 2022, the rates for transfer duties are as follows:

  1. On the portion of the basis of imposition which does not exceed $53,200: 0.5%
  2. On the portion of the basis of imposition which is in excess of $53,200.00 without exceeding $266,200: 1%
  3. On the portion of the basis of imposition which exceeds $266,200: 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).