Property transfer duties, commonly called the “welcome tax,” are a sum of money that all buyers must pay the town or city after buying property.
Under provincial law, all Québec municipalities must charge property transfer duties when buildings within their city or town limits are sold.
If an existing building is being sold, it may take several weeks for the property transfer duties invoice to be issued. If you are buying a new building, it may take longer.
When a building is sold, Montréal does not issue a new property tax account invoice. It is the responsibility of the new owner to ensure that all municipal taxes have been paid.
Exemption and supplementary duty
An exemption means the usual amount of duties payable is waived.
In certain situations, the sale of a building is exempt from property transfer duties. In these cases, a supplementary duty replaces the transfer duties.