Estimated transfer tax
According to the standard method for municipalities in Quebec, except the City of Montreal:
- 0.5% of the portion not exceeding $52,800;
- 1% of the portion exceeding $52,800 without exceeding $264,000;
- 1.5% of the portion exceeding $264,000.
A municipality may set a rate greater than 1.5% for any tranche that exceeds $500,000. When selling a building for an amount greater than $500,000, it is therefore important to check with your municipality if it has a different tax rate. (a maximum of 3% exists, except in the case of the City of Montreal.