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Why is this tax important?

The real estate transfer tax is an essential source of revenue for Quebec municipalities. It helps finance local infrastructure, community services and urban improvement projects. By understanding the terms and conditions of this tax, buyers can better plan their budget and avoid financial surprises when purchasing a property.

Calculatrice de Mutation Immobilière

Calculatrice de Mutation Immobilière

Exemptions and special cases

There are certain exemptions to the transfer tax, notably for transfers between members of the immediate family, transactions involving registered farms, and certain other specific conditions. For more details, consult the rules specific to your municipality or visit the Quebec government website.

For most Quebec municipalities, transfer tax rates are applied according to the following value brackets:

  • 0.5% on the portion from $0 to $58,900
  • 1.0% on the portion from $58,900.01 to $294,600
  • 1.5% on the portion exceeding $294,600

These rates distribute the tax burden equitably according to property value.

Montreal applies a slightly different rate structure, taking into account the often higher property values in the metropolis:

  • 0.5% on the portion from $0 to $58,900
  • 1.0% on the portion from $58,900.01 to $294,600
  • 1.5% on the portion from $294,600.01 to $527,900
  • 2.0% on the portion from $527,900.01 to $1,055,800
  • 2.5% on the portion from $1,055,800.01 to $2,041,900
  • 3.0% on the portion exceeding $2,041,900

The tax base for the transfer tax is the higher of the property’s sale price and its market value. This rule ensures that the tax reflects the real value of the real estate market, protecting the interests of municipalities while ensuring tax fairness.

Calculation Exemples

For a property located in Quebec City (outside Montreal) valued at $350,000 :

  • 0.5% on the first $58,900: $294.50
  • 1.0% on the portion between $58,900.01 and $294,600: $2,357
  • 1.5% on the portion exceeding $294,600: $832

Total: $3,483.50

For a property in Montreal valued at $1,500,000 :

  • 0.5% on the first $58,900: $294.50
  • 1.0% on the portion from $58,900.01 to $294,600: $2,357
  • 1.5% on the portion from $294,600.01 to $527,900: $3,498
  • 2.0% on the portion from $527,900.01 to $1,055,800: $10,558
  • 2.5% on the portion from $1,055,800.01 to $2,041,900: $11,107.50

Total: $27,815.00

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