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: