When buying a home, it is important to know the costs involved. The land transfer tax is one of these fees. A few months after the purchase of your property, you will receive a tax bill often called a welcome tax from the municipality. This tax is calculated according to the sale price or the evaluation, whichever is higher.

• 0.5% on the first $50,000
• 1.0% on the portion from $50,001 to $250,000
• Province of Quebec, outside of Montreal :
  
  • 1.5% on the portion exceeding $250,001
• For Montreal (since January 26, 2010) :
  
  • 1.5% on the portion from $250,001 to $500,000
  • 2% on the portion from $500,001 to $1,000,000
  • 2.5% on the portion exceeding $1,000,001