Transfer Tax

The duties on transfers of immovables is commonly referred to as the welcome tax.

According to the Act Respecting Duties on Transfers of Immovables (L.R.Q., c.d-15.1), cities and municipalities must collect duties every time there is a property transfer on the Town’s territory.

The transfer tax is charged at the moment of the immovable’s purchase. The bill is generally sent 60 days following the registration of the notarized transaction and is payable in one instalment.

 

The assessment base is the highest of the following amounts:

  • Amount of the consideration furnished for the transfer of the immovable;
  • Amount of the consideration stipulated for the transfer of the immovable;
  • Amount of the market value of the immovable at the time of its transfer, that is the value of the assessment role multiplied by the corresponding annual comparative factor.

Calculation of the transfer tax for 2024:

  • The first $58 900: 0.5%

  • Which is in excess of $58 900 without exceeding $294 600: 1.0%

  • The amount which exceeds $294 600 but does not exceed $500 000: 1.5%

  • The amount which exceeds $500,000 but does not exceed $1,000,000: 2% 

  • The amount which exceeds $1,000,000 is: 2.5% 

Calculation of the transfer tax for 2023:

  • The first $55 200: 0.5%
  • Which is in excess of $55 200 without exceeding $276 200: 1.0%
  • The amount which exceeds $276 200 but does not exceed $500 000: 1.5%
  • The amount which exceeds $500,000 but does not exceed $1,000,000: 2%
  • The amount which exceeds $1,000,000 is: 2.5% 

Calculation of the transfer tax for 2022:

  • The first $53 200: 0.5%
  • Which is in excess of $53 200 without exceeding $266 200: 1.0%
  • The amount which exceeds $266 200 but does not exceed $500 000: 1.5%
  • The amount which exceeds $500,000 but does not exceed $1,000,000: 2% 
  • The amount which exceeds $1,000,000 is: 2.5%

Calculation of the transfer tax for 2021:

  • The first $52 800: 0.5%

  • Which is in excess of $52 800 without exceeding $264 000: 1.0%

  • The amount which exceeds $264 000 but does not exceed $500 000: 1.5%

  • The amount which exceeds $500,000 but does not exceed $1,000,000: 2% 

  • The amount which exceeds $1,000,000 is: 2.5% 

Calculation of the transfer tax for 2020:

  • The first $51 700 | 0.5%
  • Which is in excess of $51 700 without exceeding $258 600: 1.0%
  • Which is in excess of $258 600 without exceeding $500 000: 1.5%
  • Which is in excess of $500 000 without exceeding $1 000 000: 2%
  • Which exceeds $1 000 000: 2.5%

    * In effect January 16, 2020 as per By-law no. 1072

Calculation of the transfer tax for 2019:

  • The first $50 900: 0.5%
  • Which is in excess of $50 900 without exceeding $254 400: 1.0%
  • The amount which exceeds $254 400: 1.5%
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