When purchasing any property in Montreal, the buyer is required to pay a land transfer tax also known as the “Welcome Tax”. The table below will help you calculate this expense. Please note, that this table is for the city of Montreal. If you are buying in another municipality (ex: Cote St Luc) it is a little bit less.
As always, please don't hesitate to call Samara or send an email if you have any additional questions.
City of Montreal (as of January 1, 2019)
|
Value of property
|
Marginal Tax Rate
|
|
The first $50,000 ($0 to $50,000)
|
0.5%
|
|
On the next $200,000 ($50,001 to $250,000)
|
1.0%
|
|
On the next $250,000 ($251,000 to $500,000)
|
1.5%
|
|
On the next $500,0000 ($500,001 to $1,000,000)
|
2.0%
|
|
On the amount over $1,000,000
|
2.5%
|
Cote Saint Luc (as of January 1, 2019)
|
Value of property
|
Marginal Tax Rate
|
|
The first $50,000 ($0 to $50,000)
|
0.5%
|
|
On the next $200,000 ($50,001 to $250,000)
|
1.0%
|
|
On the next $750,000 ($251,000 to $1,000,000)
|
1.5%
|
|
On the amount over $1,000,000
|
2.5%
|
Town of Hampstead (as of January 1, 2019)
|
Value of property
|
Marginal Tax Rate
|
|
The first $50,900 ($0 to $50,900)
|
0.5%
|
|
On the next $203,500 ($50,901 to $254,400)
|
1.0%
|
|
On the amount over $254,401
|
1.5%
|
|