The transfer duties of immovables are established accordingly to the Act respecting duties on transfers of movables (R.S.Q., c. D-15.1, chapter II, Section I).
The municipality must collect duties on the transfer of any immovable located within its territory, computed in relation to the basis of imposition established according to the following rates:
- 0.5 % on the first $55 200,
- 1.0 % on the portion included between $55 200 and $276 200,
- 1,5 % on the portion included between $276 200 and $500 000, and
- 3,0 % on the portion exceeding $500 000.
SPECIAL DUTIES
Special duties are a form of compensation in lieu of transfer duties that are billed to buyers whose transaction is exempted. The Act respecting duties on transfers of immovable, R.S.Q., chapter D-15.1, sets the amount of the special duties in accordance with the transferred values:
If a new owner is exempt from payment of the land transfer duty, a municipality may collect a supplementary tax. This right cannot be collected in addition to the land transfer duty.
Property Value |
Amount to pay |
Immovable valued at less than 40 000 $ |
Special duty equal to the tax base at the rate of 0.5% |
Immovable valued at $40 000 or more |
200.00 $ |