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Calculate the Transfer Tax (Bienvenue) in Quebec
In Quebec, since 1992, the real estate transfer tax is a tax on buyers, commonly called taxe de Bienvenue, or welcome tax (after the recommandation of previous minister Jean Bienvenue, which would translate to John Welcome), taken by municipalities during the purchase of property. It's non recurring. This tax is part of a group of property taxes that helps finance a city's expenses.
It is calculated from the highest amount between the price of sale, the price written on the transfer act or the value attributed by municipal evaluation.
The tax amount is calculated as follows:
- No tax under 5000$
- 0.5% for the first 50 000$
- 1.0% between 50 000 and 250 000$
- 1.5% for any amount exceeding 250 000$
