By jasmin morin

Transfer tax 2023

Commonly referred to as the ‘Welcome’ tax, the amount of the transfer tax depends primarily on the highest of these amounts:

• The value of your property according to the municipal assessment multiplied by the roll factor or the comparative factor.
• The purchase amount or the price paid for the property (subtracting other values from the notarial deed)

Also, the location of your building, house or other has an impact. In fact, transfer duties are higher in certain cities in Quebec.

Please check with the municipality at all times to ensure that the information is accurate, as the municipality may update the information without prior notice.