CALCULATIONS DETAILS FOR TRANSFER TAX
For all the municipalities of Québec, except the City of Montréal:
- 0.5% of the portion not exceeding $52,800;
- 1% of the portion exceeding $52,800 but not exceeding $264,000;
- 1.5% of the portion exceeding $264,000.
However, 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.
For the City of Montréal:
- 0.5% of the portion not exceeding $52,800
- 1% of the portion exceeding $52,800 but not exceeding $264,000
- 1.5% of the portion exceeding $264,000 but not exceeding $527,900
- 2% of the portion exceeding $527,900 but not exceeding $1,055,800
- 2.5% of the portion exceeding $1,055,800 but not exceeding $2,041,900
- 3.0% of the portion exceeding $2,041,900
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