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 Duties on transfers of immovables Act.

For the year 2020, the rates for transfer duties are as follows:

  1. On the portion of the basis of imposition which does not exceed $51,700: 0.5%;
  2. On the portion of the basis of imposition which is in excess of $51,700.01 without exceeding $258,600: 1%;
  3. On the portion of the basis of imposition which exceeds $258,600: 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.

Comparative factor used in the calculation of duties on transfers of immovables.

The comparative factor for the year 2020 is 1.05 as determined by the Ministère des Affaires municipales et de l’Occupation du territoire – MAMOT (french only).