Quebec Land Transfer Tax Calculator

Land transfer tax (LTT) – also known as welcome tax in Quebec – is one of the largest fees associated with the closing of your home and is often overlooked when calculating your total purchase amount. LTT is paid by homebuyers to the province when the ownership of the home or property is transferred from the seller to the buyer. In some cities, such as Montreal, buyers are also required to pay a municipal land transfer tax. 

See: Everything You Need to Know About the Land Transfer Tax

Land transfer tax calculator

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Land transfer tax rates in Quebec

Land transfer tax rates in Quebec are calculated based on the purchase price of your property, with a marginal tax rate range of 0.5%-1.5%. In Montreal, municipal land transfer tax is also required (see details in Montreal section below). 

Home Purchase Price

Marginal Tax Rate

First $50,000

0.5%

$50,001-$250,000

1.0%

$250,001+

1.5%

 

Land transfer tax rates in Montreal

In Montreal, the following municipal land transfer tax rates are charged in addition to paying Quebec’s provincial land transfer tax.

Home Purchase Price

Marginal Tax Rate

First $50,000

0.5%

$50,001-$250,000

1.0%

$250,001 – $500,000

1.5%

$500,001-$999,999

2.0%

$1,000,000+

2.5%

 

Montreal Home Ownership Program

The Montreal Home Ownership Program was introduced in 2018 to provide financial assistance via lump-sum payments to first-time home buyers. If the household has children, a refund for up to 100% of the LTT may be granted. If the property was bought prior to 2018, families with at least one child are still eligible to receive the refund if the property includes a minimum of three bedrooms. The amount of the lump-sum payment depends on the purchase price of the property. 

 

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