The land transfer tax or duties on real estate transfers is called the “taxe de bienvenue” in Quebec. Bienvenue has no connection with the expression “Welcome [Bienvenue] to your new house”.

Rather it is the name of the provincial minister of Municipal Affairs who granted municipalities the right to collect this tax.

It is a municipal tax levied on your purchase of a property that you have to pay.

The amount of the Land Transfer Tax (LTT) is always calculated on the higher amount of either the municipal evaluation or the cost price.

Here is how you calculate the LTT: 0.5% on the first $50,000; 1% on the amount between $50,000 and $250,000; 1.5% on the subsequent amount of $250,000 and over.

However, if the property is located in Montreal an additionnal tier will be added on; 2% on the subsequent amount of $500,000 and over.

Use the calculator below to calculate the amount of the Land transfer tax on your property purchase.

fourni par www.taxedebienvenue.com ’

For more information, don’t hesitate to contact me. I’ll be pleased to answer all your questions!

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