{"id":8106,"date":"2025-10-09T14:43:20","date_gmt":"2025-10-09T18:43:20","guid":{"rendered":"https:\/\/www.paulrioux.ca\/?page_id=8106\/"},"modified":"2026-05-25T09:45:39","modified_gmt":"2026-05-25T13:45:39","slug":"future-owners-property-transfer-tax","status":"publish","type":"page","link":"https:\/\/www.paulrioux.ca\/en\/guide\/future-owners-property-transfer-tax\/","title":{"rendered":"Property Transfer Tax"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1760035608856{margin-bottom: 0px !important;}&#8221;]\n<h2 class=\"blog-single-title\">Fiscal and Financial Planning Guide 2024-2025<\/h2>\n<h3>Future owners &gt; <strong>Property Transfer Tax<\/strong><\/h3>\n<p>The Property Transfer Tax represents a relatively significant cost that is often overlooked when purchasing a property.<\/p>\n<p>This tax is commonly referred to as the \u201cwelcome tax\u201d. However, contrary to popular belief, it appears that this expression cannot be attributed to Liberal minister Jean Bienvenue, who was part of Robert Bourassa&#8217;s Liberal government. Indeed, although Finance Minister Raymond Garneau announced in his May 1976 budget that he would introduce a bill on property transfer tax, it appears that Minister Bienvenue did not participate in the discussions that led to this proposal.<\/p>\n<p>Subsequently, on November 15, 1976, the liberal government was defeated by Ren\u00e9 L\u00e9vesque&#8217;s Parti Qu\u00e9b\u00e9cois, which passed the <em>Loi concernant les droits sur les mutations immobili\u00e8res <\/em>on December 23, 1976.<\/p>\n<p><strong>Calculation of the Property Transfer Tax<\/strong><\/p>\n<p>When purchasing a property, whether new or not, the welcome tax is calculated on the higher of the following amounts:<\/p>\n<ul>\n<li>Purchase price stated in the purchase contract (excluding GST\/QST, if applicable)<\/li>\n<li>Municipal evaluation (taking into account a comparative factor on the date of purchase)<\/li>\n<\/ul>\n<p><strong>Property Transfer Tax Rate<\/strong><\/p>\n<p>Under the <em>Loi concernant les droits sur les mutations immobili\u00e8res<\/em>, the applicable tax rates for the first brackets are the same for all municipalities.[\/vc_column_text][vc_single_image image=&#8221;9225&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1760036130158{margin-bottom: 0px !important;}&#8221;]For tax brackets over $307,800, municipalities can set their own tax rates, generally up to a maximum of 3%.<\/p>\n<p>The maximum rate for Montreal is 4% for homes valued at $3,113,001 and above.<\/p>\n<p><strong>Examples of Property Transfer Tax<\/strong><\/p>\n<p>Below are examples for six of Quebec&#8217;s major cities:[\/vc_column_text][vc_single_image image=&#8221;9227&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1760036587929{margin-bottom: 0px !important;}&#8221;]You will find at the following address a property transfer tax calculator for most major cities in Quebec: <a href=\"https:\/\/www.calculconversion.com\/calcul-taxe-de-bienvenue-mutation.html\">https:\/\/www.calculconversion.com\/calcul-taxe-de-bienvenue-mutation.html<\/a><\/p>\n<p>The property transfer tax bill is usually sent by the municipality a few weeks after the purchase of the property and is payable within 30 days of receipt.<\/p>\n<p><strong>Property Transfer Tax Exemption<\/strong><\/p>\n<p>In certain situations, there may be an exemption from property transfer tax. For example, when transferring ownership:<\/p>\n<ul>\n<li>Between spouses;<\/li>\n<li>In the event of separation or divorce, an exemption may be requested when transferring property to a former spouse, provided that the transfer is completed within certain time limits:<\/li>\n<\/ul>\n<p>o Within 12 months of the date on which they began to live separately.<\/p>\n<p>o Within 30 days of an agreement or judgment relating to the transfer.<\/p>\n<ul>\n<li>To an ascendant or descendant (e.g., grandfather, grandmother, father, mother, son, daughter, grandson, granddaughter);<\/li>\n<li>By an individual to a company in which they hold at least 90% of the voting shares and where the property is retained by the company for a period of at least 24 months after the transfer;<\/li>\n<li>By a company to an individual who has held at least 90% of the voting shares of the company throughout the last 24 months (or since incorporation if less than 24 months).<\/li>\n<\/ul>\n<p>There are other situations where an exemption from transfer duties may be claimed. For every situation, it is important to check with your legal or tax advisor to see if the exemption applies. It should be noted that municipalities frequently verify the validity of exemptions claimed.[\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221;]It is important to inform the notary if any of the above situations apply so it is stated in the property purchase agreement.[\/vc_cta][vc_column_text css=&#8221;.vc_custom_1760036641795{margin-bottom: 0px !important;}&#8221;]Law concerning real estate transfer duties: <a href=\"https:\/\/www.legisquebec.gouv.qc.ca\/en\/document\/cs\/D-15.1\">https:\/\/www.legisquebec.gouv.qc.ca\/en\/document\/cs\/D-15.1<\/a>[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-arrow-left&#8221; url=&#8221;\/en\/fiscal-and-financial-planning-guide\/&#8221;]Back[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1760035608856{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Future owners &gt; Property Transfer Tax The Property Transfer Tax represents a relatively significant cost that is often overlooked when purchasing a property. This tax is commonly referred to as the \u201cwelcome tax\u201d. However, contrary to popular belief, it appears that this expression cannot be [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":0,"parent":7402,"menu_order":45,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-8106","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Transfer Tax | Paul Rioux CA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paulrioux.ca\/en\/guide\/future-owners-property-transfer-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Transfer Tax | Paul Rioux CA\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1760035608856{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Future owners &gt; Property Transfer Tax The Property Transfer Tax represents a relatively significant cost that is often overlooked when purchasing a property. 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