To calculate the welcome tax amount, you must use the higher value between
the municipal assessment and the purchase price.
The calculation is as follows for the province of Quebec (outside of Montreal):
Outside Montreal
a municipality may, by by-law, determine a rate that is higher than 1.5% for any portion that exceeds $500,000. When selling a building for a sum greater than $500,000, it is therefore important to check with the municipality concerned to see whether it has adopted such a by-law. The rate set cannot exceed 3%, except for the City of Montréal.
Bracket
Tax Rate
First $52,800
0.5%
From $52,801 to $264,000
1.0%
Above $264,001
1.5%
Montreal
Bracket
Tax Rate
First $53,200
0.5%
From $53,201 to $266,200
1.0%
From $266,201 to $532,300
1.5%
From $532,301 to $1,064,600
2.0%
From $1,064,601 to $2,059,000
2.5%
From $2,059,001 to $3,000,000
3.5%
Above $3,000,000
4.0%
Quebec City
Bracket
Tax Rate
Up to $58,900
0.5%
From $58,901 to $294,600
1.0%
From $294,601 to $500,000
1.5%
From $500,001 to $1,000,000
2.0%
From $1,000,001 to $2,000,000
2.5%
Above $2,000,000
3.0%
*Results for informational purposes only.
*The actual amount may differ from what is displayed here.
