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CALCULATIONS DETAILS FOR TRANSFER TAX

For all the municipalities of Québec, except the City of Montréal:

• 0.5% of the portion not exceeding $52,800;
• 1% of the portion exceeding $52,800 but not exceeding $264,000;
• 1.5% of the portion exceeding $264,000.

However, a municipality may, by by-law, determine a rate that is higher than 1.5% for any portion that exceeds $500,000. When selling a building for a sum greater than $500,000, it is therefore important to check with the municipality concerned to see whether it has adopted such a by-law. The rate set cannot exceed 3%, except for the City of Montréal.

For the City of Montréal:

• 0.5% of the portion not exceeding $53,200
• 1% of the portion exceeding $53,200 but not exceeding $266,200
• 1.5% of the portion exceeding $266,200 but not exceeding $532,300
• 2% of the portion exceeding $532,300 but not exceeding $1,064,600
• 2.5% of the portion exceeding $1,064,600 but not exceeding $2,059,000
• 3.5% of the portion exceeding $2,059,000 but not exceeding $3,000,000
• 4.0% of the portion exceeding $3,000,000