Welcome Tax , also known as Taxe de Bienvenue or Land Transfer Tax, is a tax paid by the buyer to the Quebec municipality in which he/she purchased Real Estate. Typically you must pay this Welcome Tax within 30 to 60 after notarizing.         

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Welcome Tax is calculated using the higher of the purchase price or the municipal evaluation.

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How is Welcome Tax calculated?

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Up to $50,000 - 0.5%

$50,000 to $250,000 - 1%

$250,000 to $500,000 - 1.5%

$500,000 to $1,000,000 - 2.0%

Amount over 1,000,000 - 2.50%

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Example #1:

Purchase price is $560,000

Multiply $50,000 by 0.5% = $250

Multiply $200,000 by 1.0% = $2,000

Multiply $250,000 by 1.5% = $3,750

Multiply $60,000 by 2.0% = $1,200

Welcome Tax on $560,000 will be $7,200.

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Example #2:

Purchase price is $1,100,000 

Multiply $50,000 by 0.5% = $250

Multiply $200,000 by 1.0% = $2,000

Multiply $250,000 by 1.5% = $3,750

Multiply $500,000 by 2.0% = $10,000

Multiply $100,000 by 2.5% = $2,500

Welcome Tax on $1,100,000 will be $18,500